Northeast Senior Health Corporation

Analysis

Northeast Senior Health Corporation is a registered charity in United States, based in Charlestown, MA. It received its IRS tax-exemption ruling in June 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Northeast Senior Health Corporation reported income of $6.7m and spending of $6.6m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.6m to $6.7m (-22%), an average of -6.1% a year. The sharpest change came in the year to September 2020, when income dropped by 23%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northeast Senior Health Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Homes of Hope Inc ($6.7m), Interfaith Partnership for the Homeless ($6.7m) and PPL Properties ($6.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $198k (3.0% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $5.7m against liabilities of $3.3m, net assets of $2.5m. It reported 92 employees.