Hrca Senior Housing Inc

Analysis

Hrca Senior Housing Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 1982, 44 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 September 2023, Hrca Senior Housing Inc reported income of $1.0m and spending of $1.0m, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.5m to $1.0m (-70%), an average of -26% a year. The sharpest change came in the year to September 2021, when income dropped by 65%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hrca Senior Housing Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Kingdom Builders Family Life Center ($1.0m), Murray-Calloway County Senior Citizens Inc ($1.0m) and Dorchester County Commission on the Aging Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $968k. At year end it held assets of $429k against liabilities of $31k, net assets of $398k. It reported 29 employees.