Middlesex Canal Association Inc

Analysis

Middlesex Canal Association Inc is a registered charity in United States, based in North Billerica, MA. It received its IRS tax-exemption ruling in January 1976, 50 years ago. 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 April 2023, Middlesex Canal Association Inc reported income of $713k and spending of $40k, leaving 94% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $161k to $713k (+342%), an average of +45% a year. The sharpest change came in the year to April 2023, when income rose by 389%. Over the whole period it spent 14% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Middlesex Canal Association Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include City Parks Foundation Inc ($713k), Haven Project Inc ($713k) and East Grand Rapids Team Boosters ($713k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. At year end it held assets of $2.6m against liabilities of $0, net assets of $2.6m.