Metrowest Center for Independent Living Inc

Analysis

Metrowest Center for Independent Living Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in December 1987, 39 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 2024, Metrowest Center for Independent Living Inc reported income of $1.4m and spending of $1.3m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.2m to $1.4m (+12%), an average of +2.9% a year. 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, Metrowest Center for Independent Living Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MA. Charities of a similar size with the same main cause include Minority AIDS Project ($1.4m), Mercy Manor ($1.4m) and Henry County YMCA ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $177k (13% of expenses). Other salaries and wages came to $534k. At year end it held assets of $1.2m against liabilities of $618k, net assets of $541k. It reported 14 employees.