Mhy Family Services

Analysis

Mhy Family Services is a registered charity in United States, based in Mars, PA. It received its IRS tax-exemption ruling in September 1996, 30 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 June 2023, Mhy Family Services reported income of $8.5m and spending of $7.8m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.6m to $8.5m (+12%), an average of +2.8% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mhy Family Services sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within PA. Charities of a similar size with the same main cause include Wounded Warrior Project Long Term Support TR ($8.5m), Israel Medical Fund Corp ($8.5m) and The Benjamin Rose Institute ($8.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $215k (2.7% of expenses). Other salaries and wages came to $4.0m. At year end it held assets of $5.2m against liabilities of $782k, net assets of $4.5m. It reported 170 employees.