Riverbend Merrimack Valley Inc

Analysis

Riverbend Merrimack Valley Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in June 1971, 55 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 June 2023, Riverbend Merrimack Valley Inc reported income of $8.5m and spending of $9.3m, spending 109% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.7m to $8.5m (+81%), an average of +16% a year. The sharpest change came in the year to June 2020, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Riverbend Merrimack Valley Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Bucks County Biotechnology Center Inc ($8.5m), Fannie E Taylor Home for the Aged Care Center Inc ($8.5m) and Working Partnerships USA ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $612k (6.6% of expenses). Other salaries and wages came to $5.2m. At year end it held assets of $8.2m against liabilities of $3.8m, net assets of $4.4m. It reported 247 employees.