Manet Community Health Center Inc

Analysis

Manet Community Health Center Inc is a registered charity in United States, based in North Quincy, MA. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Manet Community Health Center Inc reported income of $27.9m and spending of $26.7m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.2m to $27.9m (+53%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 90% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Manet Community Health Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Martin Luther King Jr Community Medical Foundation ($27.9m), Crossroads Health ($27.9m) and Seton Medical Group Inc ($27.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $832k (3.1% of expenses). Other salaries and wages came to $13.4m. At year end it held assets of $30.9m against liabilities of $9.5m, net assets of $21.4m. It reported 253 employees.