Assistments Foundation Inc

Analysis

Assistments Foundation Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in December 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Assistments Foundation Inc reported income of $4.1m and spending of $4.2m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $956k to $4.1m (+333%), an average of +63% a year. The sharpest change came in the year to June 2021, when income rose by 140%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Assistments Foundation 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 91st percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include West Hills Christian School ($4.1m), The Brookwood Endowment Inc ($4.1m) and Collin County Cornerstone Christian Academy ($4.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $535k (13% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $822k against liabilities of $611k, net assets of $210k. It reported 32 employees.