Mastery Transcript Consortium

Analysis

Mastery Transcript Consortium is a registered charity in United States, based in Winchester, MA. It received its IRS tax-exemption ruling in November 2017, 9 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 June 2023, Mastery Transcript Consortium reported income of $2.2m and spending of $2.6m, spending 117% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.6m to $2.2m (-14%), an average of -3.8% a year. The sharpest change came in the year to June 2021, when income dropped by 42%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mastery Transcript Consortium sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include St Marks Day Care Center Inc ($2.2m), Bluefield Union Mission ($2.2m) and Arrowhead Regional Medical Center Foundation ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $270k (10% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $998k against liabilities of $988k, net assets of $10k. It reported 12 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.