Advocates INC

Framingham, Massachusetts

B+Health Score
72B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

How This Organization Compares

Compared to 29 peers in Mental Health & Crisis Intervention with $100M-$1B revenue

Working Capital Ratio (net assets ÷ expenses)

This Org0.30×
Peer Median0.30×
💰
$147.5M
Total Revenue
📊
$143.6M
Total Expenses
🏦
$43.1M
Net Assets
📋
$41.2M
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
+10.0%
Year-over-year change (2022 → 2023)
Net Margin
+2.6%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.30
Net assets divided by total expenses
Liabilities-to-Assets
48.8%
Total liabilities as % of total assets

Filing History

13 filings on record
YearRevenueExpensesAssets
2023$147,477,334↑10%$143,643,827↑11%$84,337,613↑22%
2022$134,086,629↑10%$128,936,045↑11%$68,889,354↑9%
2021$121,380,386↑10%$116,482,726↑8%$63,185,375↑12%
2020$110,066,513↑9%$107,448,357↑10%$56,331,755↑15%
2019$101,375,745↑14%$97,727,439↑11%$48,812,940↑12%
2018$89,009,345↑2%$88,104,004↑3%$43,443,352↑6%
2017$87,327,890↑6%$85,351,203↑6%$40,911,457↑4%
2016$82,275,599↑6%$80,351,143↑6%$39,160,473↑4%
2015$77,881,380↑10%$75,934,764↑9%$37,762,532↑7%
2014$71,011,700↑9%$69,568,557↑8%$35,216,082↑9%
2013$65,147,337↑7%$64,417,452↑8%$32,434,680↑16%
2012$60,866,522↑5%$59,640,443↑5%$27,888,812↑5%
2011$57,933,210$56,682,010$26,618,371

Frequently Asked Questions

What does Advocates INC do?▼

Advocates INC is a mental health & crisis intervention nonprofit organization based in Massachusetts. It is classified under NTEE code F320 and is registered as a 501(c) tax-exempt organization with the IRS.

Is Advocates INC financially healthy?▼

Based on our 9-metric Financial Health Score model, Advocates INC has a score of 72/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does Advocates INC generate?▼

Advocates INC reports $160.4M in annual revenue and holds $82.0M in total assets, based on IRS filings.

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