Middlesex Human Service Agency Inc

Analysis

Middlesex Human Service Agency Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in August 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Middlesex Human Service Agency Inc reported income of $20.8m and spending of $19.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.2m to $20.8m (+46%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 27%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Middlesex Human Service Agency Inc sits at the 98th percentile: it is larger than about 98% 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 Bay Area Community Services Housing Corporation ($20.8m), Lutheran Retirement Home of Greater Seattle Inc ($20.9m) and Friendship Place ($20.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. Compensation of current officers, directors and key employees was $537k (2.8% of expenses). Other salaries and wages came to $8.2m. At year end it held assets of $5.4m against liabilities of $2.7m, net assets of $2.7m. It reported 250 employees.