Mothers Milk Bank Northeast Inc

Analysis

Mothers Milk Bank Northeast Inc is a registered charity in United States, based in Newton U F, MA. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Mothers Milk Bank Northeast Inc reported income of $2.3m and spending of $1.8m, leaving 20% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.3m (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income rose by 56%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Mothers Milk Bank Northeast Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Freedomworks Incorporated ($2.3m), Community Nursing Services of North East ($2.3m) and Freelandville Community Home Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% of the total. Compensation of current officers, directors and key employees was $286k (16% of expenses). Other salaries and wages came to $654k. At year end it held assets of $1.8m against liabilities of $428k, net assets of $1.3m. It reported 35 employees.