Fenway Community Development Corp

Analysis

Fenway Community Development Corp is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 1980, 46 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, Fenway Community Development Corp reported income of $7.6m and spending of $8.0m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.1m to $7.6m (+147%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 68%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fenway Community Development Corp sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Crotona Park West Housing Development Fund Corporation ($7.6m), 163rd Street Improvement Council Inc ($7.6m) and Commonwealth Land Trust Property Bowdoin Manor ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $176k (2.2% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $72.4m against liabilities of $61.2m, net assets of $11.1m. It reported 21 employees.