2life Realty Inc

Analysis

2life Realty Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in July 1972, 54 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 Realty Inc reported income of $457k and spending of $2.2m, spending 471% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $700k to $457k (-35%), an average of -10% a year. The sharpest change came in the year to December 2020, when income dropped by 36%. Over the whole period it spent 372% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 2life Realty Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Belmont Elderly Housing Inc ($457k), Doors of Change ($457k) and Pyareo Home Inc ($457k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 61% of the total. Other salaries and wages came to $24k. At year end it held assets of $17.4m against liabilities of $2.5m, net assets of $14.8m.