Managed Health Resources Inc

Analysis

Managed Health Resources Inc is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in March 1995, 31 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Managed Health Resources Inc reported income of $10.3m and spending of $10.5m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.1m to $10.3m (+46%), an average of +9.9% a year. The sharpest change came in the year to December 2021, when income rose by 38%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Managed Health Resources Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Nashville District Management Corporation Inc ($10.3m), University City District ($10.3m) and The Project of the Quad Cities ($10.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $7.8m. At year end it held assets of $3.9m against liabilities of $1.2m, net assets of $2.7m. It reported 167 employees.