Association Properties Inc

Analysis

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

In the financial year ending June 2023, Association Properties Inc reported income of $212k and spending of $217k, spending 102% of its income. Across the 3 years on record, from June 2021 to June 2023, income fell from $293k to $212k (-28%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 24%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Association Properties Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include Fields Corner Housing Corporation ($212k), Hands Metro Apartments Inc ($212k) and The Ginger Ford-Northshore Fuller Center for Housing Inc ($212k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $234k against liabilities of $608k, net assets of -$374k.