Family Services of the Merrimack Valley Inc

Analysis

Family Services of the Merrimack Valley Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in August 1953, 73 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Family Services of the Merrimack Valley Inc reported income of $8.6m and spending of $7.7m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.9m to $8.6m (+45%), an average of +9.8% a year. The sharpest change came in the year to September 2022, when income rose by 46%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Family Services of the Merrimack Valley Inc sits at the 93rd percentile: it is larger than about 93% 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 Black Mountain Home for Children Youth & Families Inc ($8.6m), North American Family Institute Inc ($8.6m) and Womens Foodservice Forum ($8.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 91% and program service revenue 8.8% of the total. Compensation of current officers, directors and key employees was $310k (4.0% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $6.0m against liabilities of $1.6m, net assets of $4.4m. It reported 156 employees.