Caritas Communities Inc

Analysis

Caritas Communities Inc is a registered charity in United States, based in Braintree, MA. It received its IRS tax-exemption ruling in March 1987, 39 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 December 2023, Caritas Communities Inc reported income of $5.8m and spending of $6.5m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.7m to $5.8m (+1.1%), an average of +0.3% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 109% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Caritas Communities Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MA. Charities of a similar size with the same main cause include Poverello Center Inc ($5.8m), FV Services Inc ($5.8m) and Eventide West Fargo LLC ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 36% and program service revenue 58% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $19.4m against liabilities of $24.0m, net assets of -$4.6m.

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.