Massachusetts Nonprofit Network Inc

Analysis

Massachusetts Nonprofit Network Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Massachusetts Nonprofit Network Inc reported income of $716k and spending of $771k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $748k to $716k (-4.3%), an average of -1.1% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Massachusetts Nonprofit Network Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Studio 804 Inc ($716k), Mental Health America in Allen County Inc ($716k) and Association of Medical School Pediatric Department Chairman Inc ($715k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $221k (29% of expenses). Other salaries and wages came to $236k. At year end it held assets of $690k against liabilities of $108k, net assets of $582k. It reported 7 employees.