Alliance Health of Marblehead Inc

Analysis

Alliance Health of Marblehead Inc is a registered charity in United States, based in Southborough, MA. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover health care, 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, Alliance Health of Marblehead Inc reported income of $1.0m and spending of $105k, leaving 90% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.1m to $1.0m (-80%), an average of -33% a year. The sharpest change came in the year to December 2022, when income dropped by 71%. Over the whole period it spent 115% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Alliance Health of Marblehead Inc sits at the 64th percentile: it is larger than about 64% 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 Stachestrong Inc ($1.0m), John F Kennedy Center Inc Team Organization ($1.0m) and Push to Walk a New Jerseynon-Profit Corporation ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. At year end it held assets of $2.2m against liabilities of $335k, net assets of $1.8m.