The Minute Man Arc for Human Services Inc

Analysis

The Minute Man Arc for Human Services Inc is a registered charity in United States, based in Concord, MA. It received its IRS tax-exemption ruling in February 1960, 66 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 June 2023, The Minute Man Arc for Human Services Inc reported income of $16.9m and spending of $17.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.6m to $16.9m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Minute Man Arc for Human Services Inc sits at the 97th percentile: it is larger than about 97% 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 The Access Agency Inc ($16.9m), West Central Wisconsin Community Action Agency Inc ($16.9m) and United States Rowing Association ($16.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $409k (2.3% of expenses). Other salaries and wages came to $10.7m. At year end it held assets of $11.5m against liabilities of $7.5m, net assets of $4.0m. It reported 306 employees.