Carleton Willard Homes Inc

Analysis

Carleton Willard Homes Inc is a registered charity in United States, based in Bedford, MA. It received its IRS tax-exemption ruling in March 1928, 98 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Carleton Willard Homes Inc reported income of $41.2m and spending of $41.6m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $33.3m to $41.2m (+24%), an average of +5.5% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Carleton Willard Homes Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Volunteers of America Care Facilities ($41.2m), Empath-Stratum Inc ($41.3m) and Nysarc Inc ($41.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $1.1m (2.6% of expenses). Other salaries and wages came to $17.3m. At year end it held assets of $85.3m against liabilities of $61.5m, net assets of $23.8m. It reported 413 employees.