Melrosewakefield Healthcare Parent Corporation

Analysis

Melrosewakefield Healthcare Parent Corporation is a registered charity in United States, based in Medford, MA. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Melrosewakefield Healthcare Parent Corporation reported income of $1.7m and spending of $2.5m, spending 149% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.8m to $1.7m (-41%), an average of -12% a year. The sharpest change came in the year to September 2023, when income dropped by 27%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Melrosewakefield Healthcare Parent Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Agrisafe Network Inc ($1.7m), Playroom Community Center Inc ($1.7m) and Hairtostay ($1.7m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $130k. At year end it held assets of $2.2m against liabilities of $1.9m, net assets of $281k.