The Michael Lisnow Respite Center Inc

Analysis

The Michael Lisnow Respite Center Inc is a registered charity in United States, based in Hopkinton, MA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 May 2023, The Michael Lisnow Respite Center Inc reported income of $4.6m and spending of $3.7m, leaving 20% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $3.4m to $4.6m (+33%), an average of +7.4% a year. The sharpest change came in the year to May 2022, when income rose by 53%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Michael Lisnow Respite Center Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MA. Charities of a similar size with the same main cause include North Channel Assistance Ministries ($4.6m), Exceptional Minds ($4.6m) and Aim High Childrens Services ($4.6m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 93% and program service revenue 3.7% of the total. Compensation of current officers, directors and key employees was $189k (5.2% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $9.1m against liabilities of $322k, net assets of $8.8m. It reported 66 employees.