Plumsock Fund Inc

Analysis

Plumsock Fund Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in August 1961, 65 years ago. 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 2023, Plumsock Fund Inc reported income of $481k and spending of $443k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $490k to $481k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Plumsock Fund Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Mabel Moir Lockwood Fund Fbo Children Home ($481k), Portlands Singing Christmas Tree Inc ($481k) and Catonsville Emergency Assistance Inc ($481k).

At year end it held assets of $7.6m against liabilities of $0, net assets of $7.6m.