2life Development Inc

Analysis

2life Development Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in October 1977, 49 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 Development Inc reported income of $11.9m and spending of $1.7m, leaving 86% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $11.9m (+233%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 137%. Over the whole period it spent 31% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 2life Development Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Haven Hubbard Homes Inc ($11.9m), Alameda County Homeless Action Center ($11.9m) and Associated Blind Housing Development Fund Inc ($11.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 46% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $91.8m against liabilities of $18.2m, net assets of $73.7m.