More Than Words Inc

Analysis

More Than Words Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in October 1983, 43 years ago. 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, More Than Words Inc reported income of $7.7m and spending of $8.6m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.3m to $7.7m (+46%), an average of +9.8% a year. The sharpest change came in the year to June 2020, when income rose by 43%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, More Than Words 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 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include YWCA Evanston North Shore ($7.7m), Oe Enterprises Incorporated ($7.7m) and Northwest Volunteer Fire Department ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Compensation of current officers, directors and key employees was $159k (1.8% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $14.1m against liabilities of $6.2m, net assets of $7.9m. It reported 322 employees.