Hrca Brookline Housing 1550 Beacon Plaza

Analysis

Hrca Brookline Housing 1550 Beacon Plaza is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2002, 24 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Hrca Brookline Housing 1550 Beacon Plaza reported income of $5.6m and spending of $4.4m, leaving 21% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.9m to $5.6m (+45%), an average of +9.8% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hrca Brookline Housing 1550 Beacon Plaza sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Restore of Fox Valley Habitat for Humanity ($5.6m), Bridges Care Center ($5.6m) and Greenfield Manor Inc ($5.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 97% of the total. Other salaries and wages came to $772k. At year end it held assets of $19.1m against liabilities of $26.3m, net assets of -$7.3m.