Consequence Magazine Inc

Analysis

Consequence Magazine Inc is a registered charity in United States, based in Hull, 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 March 2024, Consequence Magazine Inc reported income of $51k and spending of $49k, spending 96% of its income. Across the 3 years on record, from March 2022 to March 2024, income fell from $56k to $51k (-9.1%), an average of -4.6% a year. The sharpest change came in the year to March 2024, when income dropped by 19%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Consequence Magazine Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Copper Hill Parent-Teacher Organization Inc ($51k), Henry a Wallace Elementary Parent- Teacher Organization Inc ($51k) and School of Fine Arts Foundation Inc ($51k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 82% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.