Addiction Solutions of Nantucket Inc

Analysis

Addiction Solutions of Nantucket Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in January 2018, 8 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 hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Addiction Solutions of Nantucket Inc reported income of $256k and spending of $161k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $110k to $256k (+132%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Addiction Solutions of Nantucket Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include A Smile for Kids ($256k), Livfree Inc ($256k) and Heart Valve Voice US ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% of the total. Other salaries and wages came to $73k. At year end it held assets of $349k against liabilities of $0, net assets of $349k. It reported 8 employees.