Ayer Elderly Housing Partnership Inc

Analysis

Ayer Elderly Housing Partnership Inc is a registered charity in United States, based in Ayer, MA. It received its IRS tax-exemption ruling in April 2007, 19 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 June 2023, Ayer Elderly Housing Partnership Inc reported income of $331k and spending of $406k, spending 123% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $233k to $331k (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ayer Elderly Housing Partnership Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include McCreary Apartments Inc ($331k), Pennsylvania Home Lending Collaborative Inc ($331k) and Glenmoira Inc ($331k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. At year end it held assets of $4.3m against liabilities of $5.5m, net assets of -$1.3m.

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.