Orchard Cove Inc

Analysis

Orchard Cove Inc is a registered charity in United States, based in Canton, MA. It received its IRS tax-exemption ruling in May 1991, 35 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 September 2023, Orchard Cove Inc reported income of $25.0m and spending of $25.9m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $23.4m to $25.0m (+6.8%), an average of +1.7% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Orchard Cove Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Possibility Labs ($25.0m), Elder Services of Berkshire County Inc ($25.0m) and Parc Inc ($25.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $240k (0.9% of expenses). Other salaries and wages came to $10.3m. At year end it held assets of $60.1m against liabilities of $147.9m, net assets of -$87.8m. It reported 303 employees.