Medway Extended Day Inc M E D I

Analysis

Medway Extended Day Inc M E D I is a registered charity in United States, based in Medway, MA. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Medway Extended Day Inc M E D I reported income of $929k and spending of $829k, spending 89% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $517k to $929k (+80%), an average of +22% a year. The sharpest change came in the year to June 2022, when income rose by 52%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Medway Extended Day Inc M E D I sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Meals on Wheels of Rehoboth and Lewes Inc ($929k), Second Impressions ($929k) and Access Family Services Inc ($928k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 20% and program service revenue 79% of the total. Other salaries and wages came to $561k. At year end it held assets of $509k against liabilities of $73k, net assets of $436k. It reported 48 employees.