The Initiative

Analysis

The Initiative is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in January 1993, 33 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 July 2023, The Initiative reported income of $77k and spending of $85k, spending 111% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income fell from $118k to $77k (-35%), an average of -35% a year. The sharpest change came in the year to July 2023, when income dropped by 35%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, The Initiative sits at the 34th percentile: it is larger than about 34% 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 St Joseph Seminary of Hanoi Foundation ($77k), New Life International Mission Inc ($77k) and Family Christian Inspiration ($77k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $15k against liabilities of $5,798, net assets of $9,138.