Massachusetts Alliance for Early College Inc

Analysis

Massachusetts Alliance for Early College Inc is a registered charity in United States, based in Weston, MA. It received its IRS tax-exemption ruling in June 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Massachusetts Alliance for Early College Inc reported income of $2.7m and spending of $872k, leaving 68% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.6m to $2.7m (+69%), an average of +69% a year. The sharpest change came in the year to June 2023, when income rose by 69%. Over the whole period it spent 28% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Massachusetts Alliance for Early College Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Moore Montessori Community School ($2.7m), Colorado Skies Academy ($2.7m) and North County Christian School ($2.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $156k (18% of expenses). Other salaries and wages came to $270k. At year end it held assets of $3.1m against liabilities of $22k, net assets of $3.1m. It reported 4 employees.