Massanetta Springs Inc

Analysis

Massanetta Springs Inc is a registered charity in United States, based in Rockingham, VA. It received its IRS tax-exemption ruling in February 1969, 57 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Massanetta Springs Inc reported income of $2.7m and spending of $2.1m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.7m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 289%. Over the whole period it spent 87% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Massanetta Springs Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within VA. Charities of a similar size with the same main cause include Junior League of Austin ($2.7m), Labfour Career Training Institute ($2.7m) and Indianapolis Eastside Revitalization Corporation ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $98k (4.7% of expenses). Other salaries and wages came to $557k. At year end it held assets of $10.2m against liabilities of $263k, net assets of $10.0m. It reported 85 employees.