Metropolitan Boston Housing Partnership Inc

Analysis

Metropolitan Boston Housing Partnership Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in May 1983, 43 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 June 2024, Metropolitan Boston Housing Partnership Inc reported income of $359.4m and spending of $353.4m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $180.0m to $359.4m (+100%), an average of +19% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metropolitan Boston Housing Partnership Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within MA. Charities of a similar size with the same main cause include Mosaic ($352.6m), Front Porch Communities and Services ($381.3m) and Acacia Network Housing Inc ($333.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 3.1% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $391k (0.1% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $59.9m against liabilities of $39.0m, net assets of $20.9m. It reported 220 employees.