Worcester Jewish Community Housing for the Elderly Inc

Analysis

Worcester Jewish Community Housing for the Elderly Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in September 1979, 47 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, Worcester Jewish Community Housing for the Elderly Inc reported income of $655k and spending of $345k, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $655k (+129%), an average of +23% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Worcester Jewish Community Housing for the Elderly Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Wood River Community Housing Trust Inc ($655k), Park Place of Alliance Inc ($655k) and Mount Zion Madison Street Properties ($654k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 16% of the total. At year end it held assets of $1.5m against liabilities of $2.3m, net assets of -$762k.