Friends of Mascoma Foundation

Analysis

Friends of Mascoma Foundation is a registered charity in United States, based in Canaan, NH. It received its IRS tax-exemption ruling in January 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Friends of Mascoma Foundation reported income of $352k and spending of $331k, spending 94% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $352k to $352k (+0.0%), an average of +0.0% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 80% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Mascoma Foundation 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 64th percentile, and in the 67th percentile within NH. Charities of a similar size with the same main cause include Hand Up for Women ($352k), Fleur de Que ($352k) and Ladies of Liberty Alliance ($352k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $47k (14% of expenses). Other salaries and wages came to $32k. At year end it held assets of $473k against liabilities of $8,437, net assets of $465k. It reported 2 employees.