Congretational Retirement Homes III Inc

Analysis

Congretational Retirement Homes III Inc is a registered charity in United States, based in Melrose, MA. It received its IRS tax-exemption ruling in December 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 June 2024, Congretational Retirement Homes III Inc reported income of $3.0m and spending of $2.0m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $3.0m (+29%), an average of +6.5% a year. Over the whole period it spent 62% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Congretational Retirement Homes III Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Oneholyoke Community Development Corporation ($3.0m), Our Community Inc ($3.0m) and Habitat for Humanity International Inc ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Other salaries and wages came to $348k. At year end it held assets of $10.4m against liabilities of $188k, net assets of $10.2m.