Marblehead Counseling Center Inc

Analysis

Marblehead Counseling Center Inc is a registered charity in United States, based in Marblehead, MA. It received its IRS tax-exemption ruling in February 1970, 56 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 June 2023, Marblehead Counseling Center Inc reported income of $1.0m and spending of $897k, spending 88% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $552k to $1.0m (+84%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 62%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Marblehead Counseling Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Youth and Family Center ($1.0m), Kansas Ffa Foundation Inc ($1.0m) and Chenango Housing Improvement Program Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 29% and program service revenue 67% of the total. At year end it held assets of $386k against liabilities of $43k, net assets of $343k. It reported 16 employees.