Nevins Memorial

Analysis

Nevins Memorial is a registered charity in United States, based in Methuen, MA. It received its IRS tax-exemption ruling in November 1940, 86 years ago. 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 December 2023, Nevins Memorial reported income of $3.6m and spending of $1.7m, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.6m (+206%), an average of +32% a year. The sharpest change came in the year to December 2023, when income rose by 228%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nevins Memorial sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include High Hope Employment Services Inc ($3.6m), Orohealth Corporation ($3.6m) and Boy Scouts of America ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.4% of the total. Compensation of current officers, directors and key employees was $101k (6.1% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.8m against liabilities of $0, net assets of $6.8m. It reported 51 employees.