Devalles Memorial Family Service Center Inc

Analysis

Devalles Memorial Family Service Center Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in November 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Devalles Memorial Family Service Center Inc reported income of $819k and spending of $933k, spending 114% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $783k to $819k (+4.6%), an average of +4.6% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Devalles Memorial Family Service Center Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Hope Acts ($819k), Feeding Dreams Inc ($819k) and Mercy Deliverance Ministries ($819k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 25% and program service revenue 75% of the total. Compensation of current officers, directors and key employees was $110k (12% of expenses). Other salaries and wages came to $376k. At year end it held assets of $948k against liabilities of $447k, net assets of $501k.