Mount Pleasant Home

Analysis

Mount Pleasant Home is a registered charity in United States, based in Jamaica Plain, MA. It received its IRS tax-exemption ruling in April 1982, 44 years ago. 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, Mount Pleasant Home reported income of $5.5m and spending of $4.8m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $5.5m (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mount Pleasant Home sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Hispanic Association on Corporate Responsibility ($5.5m), Beth Israel Anaesthesia Foundation Inc ($5.5m) and SSM Health Foundation St Louis ($5.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.7% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $347k (7.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $18.2m against liabilities of $9.0m, net assets of $9.3m. It reported 39 employees.