Casa Myrna Vasquez Inc

Analysis

Casa Myrna Vasquez Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Casa Myrna Vasquez Inc reported income of $9.5m and spending of $9.3m, spending 98% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $6.8m to $9.5m (+38%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Casa Myrna Vasquez Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Far Southeast Family Strengthening Collaborative ($9.5m), Family Resource Agency Inc ($9.5m) and Maui Food Bank Inc ($9.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $537k (5.8% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $10.2m against liabilities of $5.2m, net assets of $5.0m. It reported 133 employees.