Higher Eduction Consortium of Central Massachusetts Inc

Analysis

Higher Eduction Consortium of Central Massachusetts Inc is a registered charity in United States, based in North Grafton, MA. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Higher Eduction Consortium of Central Massachusetts Inc reported income of $207k and spending of $209k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $214k to $207k (-3.3%), an average of -0.8% a year. The sharpest change came in the year to June 2023, when income rose by 17%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Higher Eduction Consortium of Central Massachusetts Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Patrick Henry School Boosters Assoc ($207k), Spirit of Peace Baptist Church ($207k) and Little League Baseball Inc ($207k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $98k (47% of expenses). Other salaries and wages came to $36k. At year end it held assets of $156k against liabilities of $0, net assets of $156k.