Merrimack Valley Health Services Inc

Analysis

Merrimack Valley Health Services Inc is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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 September 2023, Merrimack Valley Health Services Inc reported income of $2.3m and spending of $3.5m, spending 151% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.0m to $2.3m (-23%), an average of -6.4% a year. The sharpest change came in the year to September 2020, when income dropped by 21%. Over the whole period it spent 146% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merrimack Valley Health Services Inc sits at the 86th percentile: it is larger than about 86% 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 Sacred Heart at Monastery Lake Inc ($2.3m), National Youth Employment Coalition Inc ($2.3m) and United Way of Pickens County ($2.3m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $939k against liabilities of $7.6m, net assets of -$6.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.