Stow Elderly Housing Corp

Analysis

Stow Elderly Housing Corp is a registered charity in United States, based in Stow, MA. It received its IRS tax-exemption ruling in July 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Stow Elderly Housing Corp reported income of $560k and spending of $554k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $16 to $560k (+3496975%), an average of +1268% a year. The sharpest change came in the year to December 2023, when income rose by 449%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stow Elderly Housing Corp sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Greenline Housing Foundation ($559k), Habitat for Humanity International ($560k) and Elderly Housing Inc ($559k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. At year end it held assets of $5.4m against liabilities of $333k, net assets of $5.0m.