Mi Nursing-Restorative Center Inc

Analysis

Mi Nursing-Restorative Center Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Mi Nursing-Restorative Center Inc reported income of $19.2m and spending of $20.9m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $22.5m to $19.2m (-15%), an average of -3.9% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mi Nursing-Restorative Center Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Eastern Maine Healthcare Systems ($19.2m), Hudson Valley Care Coalition Inc ($19.2m) and Christus Childrens Foundation ($19.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $174k (0.8% of expenses). Other salaries and wages came to $9.5m. At year end it held assets of $52.2m against liabilities of $2.8m, net assets of $49.4m. It reported 356 employees.