Accountability Board Inc

Analysis

Accountability Board Inc is a registered charity in United States, based in Wakefield, MA. It received its IRS tax-exemption ruling in January 2023, 3 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 2023, Accountability Board Inc reported income of $8.7m and spending of $915k, leaving 89% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $5.9m to $8.7m (+48%), an average of +48% a year. The sharpest change came in the year to December 2023, when income rose by 48%. Over the whole period it spent 7.4% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Accountability Board Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Merakey Chester County ($8.7m), Laurel House Incorporated ($8.7m) and Two Rivers YMCA Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $461k (50% of expenses). Other salaries and wages came to $149k. At year end it held assets of $13.9m against liabilities of $13k, net assets of $13.9m.