Merrimack Valley Housing Partnership Inc

Analysis

Merrimack Valley Housing Partnership Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in January 1988, 38 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 December 2023, Merrimack Valley Housing Partnership Inc reported income of $676k and spending of $525k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $627k to $676k (+7.8%), an average of +1.9% a year. The sharpest change came in the year to December 2022, when income rose by 36%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Merrimack Valley Housing Partnership Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include 440 East 182 Street HDFC ($676k), 1106 Morris Avenue Housing Development Fund Corp ($676k) and Ahepa 29 Phase III Inc ($676k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $126k (24% of expenses). Other salaries and wages came to $189k. At year end it held assets of $1.8m against liabilities of $6,181, net assets of $1.7m. It reported 8 employees.