Central Massachusetts Housing Alliance Inc

Analysis

Central Massachusetts Housing Alliance Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in February 1985, 41 years ago. 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 2023, Central Massachusetts Housing Alliance Inc reported income of $24.2m and spending of $23.0m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $15.0m to $24.2m (+61%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Central Massachusetts Housing Alliance Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Global Teen Challenge Inc ($24.2m), Search360 ($24.2m) and Alliance Preparatory Schools Inc ($24.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $156k (0.7% of expenses). Other salaries and wages came to $4.5m. At year end it held assets of $7.2m against liabilities of $3.6m, net assets of $3.7m. It reported 163 employees.