Ten Cross Street Corporation

Analysis

Ten Cross Street Corporation is a registered charity in United States, based in Newton Centre, MA. It received its IRS tax-exemption ruling in August 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 June 2023, Ten Cross Street Corporation reported income of $68k and spending of $109k, spending 162% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $79k to $68k (-14%), an average of -3.8% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ten Cross Street Corporation sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 35th percentile within MA. Charities of a similar size with the same main cause include American Hellenic Foundation of St Louis ($68k), Kiamichi Place Senior Housing Inc ($68k) and Main Ferry Housing Development Fund Company Inc ($68k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $569k against liabilities of $437k, net assets of $132k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.