Middlesex North Resource Center Inc

Analysis

Middlesex North Resource Center Inc is a registered charity in United States, based in Peabody, MA. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Middlesex North Resource Center Inc reported income of $1.2m and spending of $1.3m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $842k to $1.2m (+41%), an average of +8.9% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Middlesex North Resource Center Inc 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 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Gesu Housing Inc ($1.2m), Villa Madonna Inc ($1.2m) and Advanced Living Management &development Inc ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 89% of the total. At year end it held assets of $1.3m against liabilities of $2.2m, net assets of -$878k.

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.