Dennison Memorial Community Center Inc

Analysis

Dennison Memorial Community Center Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in March 1935, 91 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Dennison Memorial Community Center Inc reported income of $604k and spending of $633k, spending 105% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $487k to $604k (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2022, when income rose by 42%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dennison Memorial Community Center Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Marriage Revolution ($604k), Wertz Warriors ($604k) and Food Is Free Solano ($604k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $134k (21% of expenses). Other salaries and wages came to $214k. At year end it held assets of $879k against liabilities of $304k, net assets of $576k. It reported 14 employees.