Friends of the Homeless of the South Shore Inc

Analysis

Friends of the Homeless of the South Shore Inc is a registered charity in United States, based in N Weymouth, MA. It received its IRS tax-exemption ruling in June 1988, 38 years ago. 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, Friends of the Homeless of the South Shore Inc reported income of $1.7m and spending of $1.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.7m (+45%), an average of +9.7% a year. The sharpest change came in the year to June 2023, when income rose by 36%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of the Homeless of the South Shore Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Halifax County Rescue Squad Incorporated ($1.7m), Healthcare Chaplaincy Inc ($1.7m) and Bradbury-Sullivan LGBT Community Center ($1.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 5.0% and program service revenue 95% of the total. Other salaries and wages came to $713k. At year end it held assets of $1.2m against liabilities of $109k, net assets of $1.1m. It reported 29 employees.