Massachusetts Veterans Foundation Inc

Analysis

Massachusetts Veterans Foundation Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 1965, 61 years ago. Its declared purposes cover public and societal benefit, 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 May 2023, Massachusetts Veterans Foundation Inc reported income of $155k and spending of $141k, spending 91% of its income. Across the 4 years on record, from May 2020 to May 2023, income grew from $29k to $155k (+440%), an average of +76% a year. The sharpest change came in the year to May 2021, when income dropped by 100%. Over the whole period it spent 46% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts Veterans Foundation Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 53rd percentile within MA. Charities of a similar size with the same main cause include National Ski Patrol System Inc ($155k), Waterville Area Soup Kitchen ($155k) and Arizona Peo Project Fund Association ($155k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 92% of the total. At year end it held assets of $675k against liabilities of $1,912, net assets of $673k.