Megan House Foundation

Analysis

Megan House Foundation is a registered charity in United States, based in Dracut, MA. It received its IRS tax-exemption ruling in August 2015, 11 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 December 2023, Megan House Foundation reported income of $2.0m and spending of $1.5m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $2.0m (+50%), an average of +11% 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 40,470 United States charities whose main cause is health and saving lives and that reported income, Megan House Foundation sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Valley Shore Emergency Communications Inc ($2.0m), Ashes to Glory Foundation ($2.0m) and Ryans Place Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 32% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $126k (8.7% of expenses). Other salaries and wages came to $685k. At year end it held assets of $4.1m against liabilities of $1.3m, net assets of $2.8m. It reported 29 employees.