2life Communities Inc

Analysis

2life Communities Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in July 1968, 58 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 December 2023, 2life Communities Inc reported income of $10.1m and spending of $16.0m, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $10.1m (+182%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 323%. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 2life Communities Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Highbridge Community Housing Development Fund Corporation ($10.1m), Aptiv Incorporated ($10.1m) and Milton-Fuller Housing Corporation ($10.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 24% of the total. Other salaries and wages came to $2.2m. At year end it held assets of $42.6m against liabilities of $3.1m, net assets of $39.5m.

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.