Congregational Retirement Homes Inc

Analysis

Congregational Retirement Homes Inc is a registered charity in United States, based in Melrose, MA. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Congregational Retirement Homes Inc reported income of $2.5m and spending of $1.7m, leaving 34% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.6m to $2.5m (+55%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Congregational Retirement Homes Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include The Utica Center for Development ($2.5m), Chatham Park South Cooperative ($2.5m) and Csi Kalamazoo Non-Profit Housing Corporation ($2.5m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $7.1m against liabilities of $176k, net assets of $6.9m.