Massachusetts Military Support Foundation Inc

Analysis

Massachusetts Military Support Foundation Inc is a registered charity in United States, based in Sandwich, MA. It received its IRS tax-exemption ruling in July 2017, 9 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 (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 Military Support Foundation Inc reported income of $20.8m and spending of $20.9m, spending 100% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.6m to $20.8m (+476%), an average of +79% a year. The sharpest change came in the year to December 2020, when income rose by 427%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Massachusetts Military Support Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Gateway Homes Inc ($20.8m), Bayview Hunters Point Foundation for Community Improvement Inc ($20.8m) and North East Community Action Corporation ($20.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% and program service revenue 2.3% of the total. Other salaries and wages came to $564k. At year end it held assets of $655k against liabilities of $580k, net assets of $75k. It reported 71 employees.