Massachusetts Baptist Multicultural Ministries Inc

Analysis

Massachusetts Baptist Multicultural Ministries Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Massachusetts Baptist Multicultural Ministries Inc reported income of $322k and spending of $548k, spending 171% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $306k to $322k (+5.0%), an average of +1.2% a year. The sharpest change came in the year to March 2021, when income rose by 336%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Massachusetts Baptist Multicultural Ministries Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Society of St Vincent de Paul Conference of St Marys of Frederic ($321k), Eddrick High Ministries Inc ($322k) and Tree Ministries ($321k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 93% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $57k (10% of expenses). Other salaries and wages came to $160k. At year end it held assets of $979k against liabilities of $0, net assets of $979k. It reported 13 employees.