Merrimack Valley Workforce Investment Board Inc

Analysis

Merrimack Valley Workforce Investment Board Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in September 2010, 16 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Merrimack Valley Workforce Investment Board Inc reported income of $51k and spending of $6,231, leaving 88% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income fell from $211k to $51k (-76%), an average of -76% a year. The sharpest change came in the year to June 2023, when income dropped by 76%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Merrimack Valley Workforce Investment Board Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include Love Urban Youth University ($51k), Keep Nacogdoches Beautiful ($51k) and Rose Tree Elementary Parent Teacher Group ($51k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $67k against liabilities of $0, net assets of $67k.