Castle Square Tenants Organization Inc

Analysis

Castle Square Tenants Organization Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 1994, 32 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, Castle Square Tenants Organization Inc reported income of $5.3m and spending of $2.1m, leaving 61% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.4m to $5.3m (-2.8%), an average of -0.7% a year. The sharpest change came in the year to December 2023, when income rose by 842%. Over the whole period it spent 44% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Castle Square Tenants Organization Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Residential Care Services Inc ($5.3m), Sayre Village Phase III Inc ($5.3m) and Milwaukee Community Crossroads ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 3.7% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $120k (5.8% of expenses). Other salaries and wages came to $802k. At year end it held assets of $47.7m against liabilities of $20.3m, net assets of $27.3m. It reported 29 employees.