Mi Nursing-restorative Center Inc
Only null% goes to programs Strong reserves
Mi Nursing-restorative Center Inc is a 501(c)(3) organization based in Lawrence, Massachusetts, registered in 1946, with $21,499,715 in FY2024 revenue. CharityIndex grades it B.
172 Lawrence St, Lawrence, MA, 01841 EIN 04-2104851 Since 1946
Revenue (FY2024)
$21.5M
▲ 11.9% vs prior year
Health median: $840K
Expenses (FY2024)
$22.5M
Net assets
$51.5M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mi Nursing-restorative Center Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating27 mo reserves · -5% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mi Nursing-restorative Center Inc: 27 mo reserves · -5% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mi Nursing-restorative Center Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
CTransparency10% of the rating2 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mi Nursing-restorative Center Inc: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Contact & location
- Address
- 172 Lawrence St, Lawrence, MA, 01841
- City
- Lawrence
- State
- Massachusetts
- Category
- Health Care
- Subcategory
- Nursing & Home Care
- Website
- …
Financial trends
Revenue grew from $19.5M (FY2013) to $21.5M (FY2024) across 12 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $2.6MNet assets $51.5M
Operating margin
-4.7%
Spent more than it raised in the latest fiscal year.
Total assets
$54.1M
Total liabilities
$2.6M
Net assets
$51.5M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $21,499,715▲11.9% | $22,502,259▲7.7% | $51,523,614▲4.3% | $54,117,416▲3.8% | 990 |
| 2023 | $19,216,835▲17.7% | $20,889,019▲7.0% | $49,407,244▲10.9% | $52,157,254▲11.6% | 990 |
| 2022 | $16,330,713▼29.0% | $19,531,118▲12.5% | $44,569,327▲4.8% | $46,736,310▲4.4% | 990 |
| 2021 | $23,001,578▲19.3% | $17,367,522▼4.7% | $42,528,922▲4.7% | $44,764,900▲3.9% | 990 |
| 2020 | $19,282,799▼14.3% | $18,229,713▼9.5% | $40,619,865▲1.8% | $43,072,994▲2.4% | 990 |
| 2019 | $22,495,417▲9.6% | $20,149,330▲2.4% | $39,892,663▲12.8% | $42,057,560▲11.7% | 990 |
| 2018 | $20,526,926▲0.9% | $19,667,590▼0.1% | $35,366,742▼3.1% | $37,643,039▼2.9% | 990 |
| 2017 | $20,339,435▲2.4% | $19,691,903▲4.9% | $36,502,915▲8.8% | $38,753,338▲9.2% | 990 |
| 2016 | $19,866,202▲0.9% | $18,769,152▲2.5% | $33,540,738▲7.0% | $35,482,657▲6.5% | 990 |
| 2015 | $19,696,615▼18.0% | $18,316,709▼1.3% | $31,345,508▲2.8% | $33,304,510▲3.5% | 990 |
| 2014 | $24,022,978▲23.3% | $18,557,065▼0.3% | $30,505,273▲22.6% | $32,170,216▲18.8% | 990 |
| 2013 | $19,490,220 | $18,607,494▼2.3% | $24,874,931▲7.8% | $27,070,688▲7.1% | 990 |
| 2012 | — | $19,039,045▼0.3% | $23,073,134▲8.7% | $25,281,374▲8.4% | 990 |
| 2011 | — | $19,091,145▲1.0% | $21,222,639▲8.6% | $23,332,865▲9.5% | 990 |
| 2010 | — | $18,897,194 | $19,540,512 | $21,313,610 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Grants received · $10K total
1 grant to Mi Nursing-restorative Center Inc totaling $10K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Covenant Health Inc | Funding for medical supplies and professional education. | 2024 | $10,000 |
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Frequently asked questions
- Is Mi Nursing-restorative Center Inc a legitimate nonprofit?
- Yes. Mi Nursing-restorative Center Inc is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 04-2104851, based in Lawrence, Massachusetts. Donations are tax-deductible.
- What is Mi Nursing-restorative Center Inc's EIN?
- Mi Nursing-restorative Center Inc's Employer Identification Number (EIN) is 04-2104851.
- How much revenue does Mi Nursing-restorative Center Inc report?
- Mi Nursing-restorative Center Inc reported $21,499,715 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Mi Nursing-restorative Center Inc have?
- CharityIndex grades Mi Nursing-restorative Center Inc B, based on financial health (reserves and operating margin).
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Data for Mi Nursing-restorative Center Inc (EIN 04-2104851) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.