Statewide Towing Academy Inc

Analysis

Statewide Towing Academy Inc is a registered charity in United States, based in Amesbury, MA. It received its IRS tax-exemption ruling in June 2010, 16 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 December 2023, Statewide Towing Academy Inc reported income of $84k and spending of $108k, spending 129% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $84k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 108% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Statewide Towing Academy Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Explorer Support Group ($84k), Lifelong Learning Collaborative ($84k) and Vermont Green Building Network Inc ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $15k against liabilities of $0, net assets of $15k.