Greater Lawrence Family Health Center Inc

Analysis

Greater Lawrence Family Health Center Inc is a registered charity in United States, based in Methuen, MA. It received its IRS tax-exemption ruling in January 1981, 45 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, Greater Lawrence Family Health Center Inc reported income of $91.2m and spending of $88.3m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $67.3m to $91.2m (+36%), an average of +7.9% a year. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Greater Lawrence Family Health Center 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 Venice Family Clinic ($91.1m), Childrens Anesthesiology Associates Ltd ($91.2m) and Union Health Service Inc ($91.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $2.5m (2.8% of expenses). Other salaries and wages came to $54.5m. At year end it held assets of $67.3m against liabilities of $20.5m, net assets of $46.8m. It reported 932 employees.