Mab Community Services Inc

Analysis

Mab Community Services Inc is a registered charity in United States, based in Brookline, MA. It received its IRS tax-exemption ruling in May 1933, 93 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 June 2023, Mab Community Services Inc reported income of $44.4m and spending of $44.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $26.4m to $44.4m (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mab Community Services Inc 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 99th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Savoy Medical Management Group Inc ($44.4m), Millcreek Manor ($44.5m) and Childrens Hospital Radiology Foundation Inc ($44.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $513k (1.2% of expenses). Other salaries and wages came to $29.3m. It paid $13k in professional fundraising fees. At year end it held assets of $49.7m against liabilities of $39.9m, net assets of $9.8m. It reported 814 employees.