Michael J Dias Foundation Inc

Analysis

Michael J Dias Foundation Inc is a registered charity in United States, based in Ludlow, MA. It received its IRS tax-exemption ruling in November 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michael J Dias Foundation Inc reported income of $483k and spending of $449k, spending 93% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $251k to $483k (+92%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michael J Dias Foundation Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include A Haven ($483k), Regional Emergency Medical Services Council of the Hudson Mohawk Valle ($483k) and Youngstown Hearing and Speech Center ($483k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 53% of the total. Compensation of current officers, directors and key employees was $73k (16% of expenses). Other salaries and wages came to $134k. At year end it held assets of $706k against liabilities of $104k, net assets of $602k. It reported 5 employees.