Charles H Farnsworth Housing Corporation

Analysis

Charles H Farnsworth Housing Corporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1980, 46 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Charles H Farnsworth Housing Corporation reported income of $586k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $586k (-63%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 66%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charles H Farnsworth Housing Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Cherish Center ($586k), Sustainable Farming Association of Minnesota ($586k) and Tolar Volunteer Fire Department ($586k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 37% of the total. At year end it held assets of $1.4m against liabilities of $676k, net assets of $684k.