My Brothers Table Inc

Analysis

My Brothers Table Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in November 1982, 44 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 March 2023, My Brothers Table Inc reported income of $2.3m and spending of $2.4m, spending 104% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.1m to $2.3m (+103%), an average of +19% a year. The sharpest change came in the year to March 2021, when income rose by 120%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, My Brothers Table Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include National Youth Employment Coalition Inc ($2.3m), Fergus County Council on Aging ($2.3m) and Merrimack Valley Health Services Inc ($2.3m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $99k (4.1% of expenses). Other salaries and wages came to $249k. It paid $21k in professional fundraising fees. At year end it held assets of $2.6m against liabilities of $97k, net assets of $2.5m. It reported 17 employees.