M54 Inc

Analysis

M54 Inc is a registered charity in United States, based in Waltham, MA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 March 2023, M54 Inc reported income of $805k and spending of $82k, leaving 90% of income unspent that year. Across the 2 years on record, from March 2022 to March 2023, income grew from $43k to $805k (+1788%), an average of +1788% a year. The sharpest change came in the year to March 2023, when income rose by 1788%. Over the whole period it spent 12% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, M54 Inc 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 77th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Connecting Henry Inc ($805k), Latinas Unidas Por UN Nuevo Amanecer ($805k) and Little Giants Learning Center ($805k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. At year end it held assets of $750k against liabilities of $0, net assets of $750k.