Public Higher Education Network of Massachusetts

Analysis

Public Higher Education Network of Massachusetts is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Public Higher Education Network of Massachusetts reported income of $75k and spending of $79k, spending 105% of what it took in. Across the 5 years on record, from June 2018 to June 2022, income fell from $278k to $75k (-73%), an average of -28% a year. The sharpest change came in the year to June 2020, when income dropped by 42%. Over the whole period it spent 104% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Public Higher Education Network of Massachusetts sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Parent Booster USA Inc ($75k), Circle of Friends of Washington DC ($75k) and The Cocoa Rotary Foundation Inc ($75k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (47% of expenses). Other salaries and wages came to $22k. It paid $3,750 in professional fundraising fees. At year end it held assets of -$18k against liabilities of $0, net assets of -$18k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.