Center Communities of Brookline Inc

Analysis

Center Communities of Brookline Inc 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, Center Communities of Brookline Inc reported income of $6.6m and spending of $6.0m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.6m to $6.6m (+19%), an average of +4.4% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Center Communities of Brookline Inc sits at the 93rd percentile: it is larger than about 93% 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 Vintage Housing Inc ($6.6m), Bethesda Project ($6.6m) and Little Sisters of the Poor Inc ($6.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $171k (2.8% of expenses). Other salaries and wages came to $708k. At year end it held assets of $21.3m against liabilities of $34.7m, net assets of -$13.4m.