Plymouth Bay Housing Corporation

Analysis

Plymouth Bay Housing Corporation is a registered charity in United States, based in Plymouth, MA. It received its IRS tax-exemption ruling in June 2006, 20 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Plymouth Bay Housing Corporation reported income of $202k and spending of $128k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $83k to $202k (+144%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 63% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Plymouth Bay Housing Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Rosehill Housing Development Fund Corporation ($202k), Village du Techa Apts ($202k) and Site K Inc ($202k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 82% of the total. At year end it held assets of $3.3m against liabilities of $10k, net assets of $3.3m.