Massachusetts Parents United Inc

Analysis

Massachusetts Parents United Inc is a registered charity in United States, based in Woburn, MA. It received its IRS tax-exemption ruling in October 2017, 9 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 publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Massachusetts Parents United Inc reported income of $480k and spending of $645k, spending 134% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.6m to $480k (-71%), an average of -34% a year. The sharpest change came in the year to December 2022, when income dropped by 69%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Massachusetts Parents United Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Enrich and Employ Inc ($480k), Alabama Trucking Association Foundation ($480k) and North Central Montana Economic Development District Inc ($480k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $235k (36% of expenses). At year end it held assets of $77k against liabilities of $152k, net assets of -$75k. It reported 2 employees.