Hubbardston Elderly Housing Inc

Analysis

Hubbardston Elderly Housing Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending October 2023, Hubbardston Elderly Housing Inc reported income of $557k and spending of $649k, spending 116% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $511k to $557k (+8.9%), an average of +2.2% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hubbardston Elderly Housing Inc 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 Mission Housing Development Properties III Inc ($557k), Group Living Facilities Non-Profit Housing Corporation ($557k) and Aldersgate Housing Ministry of Oklahoma City ($556k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $3.2m against liabilities of $1.8m, net assets of $1.4m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.