Gregg Neighborhood House Association Inc

Analysis

Gregg Neighborhood House Association Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in December 1971, 55 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 June 2024, Gregg Neighborhood House Association Inc reported income of $7.3m and spending of $6.9m, spending 94% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $6.0m to $7.3m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2022, when income rose by 18%. 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, Gregg Neighborhood House Association Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Friends Aware Incorporated ($7.3m), Communities in Schools of North Texas Inc ($7.3m) and Yuba-Sutter Gleaners Food Bank Inc ($7.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 15% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $316k (4.6% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $12.3m against liabilities of $370k, net assets of $11.9m. It reported 134 employees.