Servicenet Inc

Analysis

Servicenet Inc is a registered charity in United States, based in Northampton, MA. It received its IRS tax-exemption ruling in April 1974, 52 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Servicenet Inc reported income of $99.6m and spending of $93.2m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $68.7m to $99.6m (+45%), an average of +9.7% a year. 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, Servicenet Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Queens North Hawaii Community Hospital ($99.5m), Shannon Medical Management ($99.8m) and Upland Hills Health Inc ($99.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $1.0m (1.1% of expenses). Other salaries and wages came to $58.7m. At year end it held assets of $63.4m against liabilities of $38.2m, net assets of $25.2m. It reported 1,986 employees.