Mission of Deeds Inc

Analysis

Mission of Deeds Inc is a registered charity in United States, based in Reading, MA. It received its IRS tax-exemption ruling in February 1994, 32 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 December 2023, Mission of Deeds Inc reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $1.7m (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mission of Deeds Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Sertoma Inc ($1.7m), Central Washington Disability Resources ($1.7m) and Greenwood Home ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $87k (5.8% of expenses). Other salaries and wages came to $334k. At year end it held assets of $3.0m against liabilities of $240k, net assets of $2.8m. It reported 10 employees.