Local 369 Charitable Inc

Analysis

Local 369 Charitable Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in January 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Local 369 Charitable Inc reported income of $52k and spending of $46k, spending 88% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $32k to $52k (+61%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Local 369 Charitable Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Melvin G Syre PTA ($52k), Operation250 ($52k) and Macs PTO ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. At year end it held assets of $148k against liabilities of $0, net assets of $148k.