Housing Corporation of Arlington

Analysis

Housing Corporation of Arlington is a registered charity in United States, based in Arlington, MA. It received its IRS tax-exemption ruling in June 1990, 36 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, Housing Corporation of Arlington reported income of $840k and spending of $901k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $840k (-51%), an average of -16% a year. The sharpest change came in the year to December 2020, when income rose by 77%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Corporation of Arlington sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Beattyville Housing & Development Corporation Inc ($840k), Salem Inc ($841k) and Little Haiti Housing Association Inc ($840k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.5% of the total. Other salaries and wages came to $358k. At year end it held assets of $10.8m against liabilities of $6.4m, net assets of $4.4m.