Somerville Homeless Coalition Incorporated

Analysis

Somerville Homeless Coalition Incorporated is a registered charity in United States, based in Somerville, MA. It received its IRS tax-exemption ruling in October 1987, 39 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Somerville Homeless Coalition Incorporated reported income of $7.2m and spending of $6.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.4m to $7.2m (+108%), an average of +20% a year. The sharpest change came in the year to June 2020, when income rose by 38%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Somerville Homeless Coalition Incorporated sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include North Dallas Shared Ministries Inc ($7.2m), Jewish Agency-American Section Inc ($7.2m) and Human Options Inc ($7.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 2.0% of the total. Compensation of current officers, directors and key employees was $151k (2.3% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $5.3m against liabilities of $1.4m, net assets of $3.9m. It reported 43 employees.