Wachusetts House Corp

Analysis

Wachusetts House Corp is a registered charity in United States, based in Princeton, MA. It received its IRS tax-exemption ruling in February 1981, 45 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, Wachusetts House Corp reported income of $214k and spending of $159k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $214k (+6.3%), an average of +1.5% a year. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Wachusetts House Corp sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include St Theresas Inc ($214k), Luther Foundation of Southern Chester County Inc ($214k) and 526 Park Street Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 96% of the total. Other salaries and wages came to $23k. At year end it held assets of $1.1m against liabilities of $442k, net assets of $630k. It reported 2 employees.