Grafton Housing Associates Inc

Analysis

Grafton Housing Associates Inc is a registered charity in United States, based in South Grafton, MA. It received its IRS tax-exemption ruling in August 1985, 41 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 July 2023, Grafton Housing Associates Inc reported income of $1.0m and spending of $633k, leaving 37% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $660k to $1.0m (+53%), an average of +11% a year. The sharpest change came in the year to July 2022, when income rose by 42%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grafton Housing Associates Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Samaritan Village Inc ($1.0m), Pecan Community Association Inc ($1.0m) and House of Hope Housing Inc ($1.0m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 70% and program service revenue 28% of the total. At year end it held assets of $1.8m against liabilities of $680k, net assets of $1.1m.