Merrimack Valley Dream Center Inc

Analysis

Merrimack Valley Dream Center Inc is a registered charity in United States, based in Lawrence, MA. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Merrimack Valley Dream Center Inc reported income of $186k and spending of $139k, leaving 25% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $52k to $186k (+262%), an average of +90% a year. The sharpest change came in the year to December 2022, when income rose by 317%. Over the whole period it spent 60% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Merrimack Valley Dream Center Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Turmosayya Association in Chicago ($186k), Conway County Care Center ($186k) and 10-40 Project ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 0.6% of the total. At year end it held assets of $219k against liabilities of $0, net assets of $219k.