Marthas Vineyard Community Services Inc

Analysis

Marthas Vineyard Community Services Inc is a registered charity in United States, based in Vineyard Haven, MA. It received its IRS tax-exemption ruling in February 1963, 63 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Marthas Vineyard Community Services Inc reported income of $13.5m and spending of $11.3m, spending 84% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.3m to $13.5m (+46%), an average of +9.9% a year. The sharpest change came in the year to June 2020, when income rose by 61%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marthas Vineyard Community Services Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Bucks County Opportunity Council Inc ($13.5m), Imagine Institute ($13.5m) and Young Mens Christian Association of Southwestern Indiana Inc ($13.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $357k (3.1% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $26.6m against liabilities of $3.1m, net assets of $23.5m. It reported 163 employees.