Pelham Corporation

Analysis

Pelham Corporation is a registered charity in United States, based in Braintree, MA. It received its IRS tax-exemption ruling in September 1991, 35 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 2022, Pelham Corporation reported income of $1.7m and spending of $247k, leaving 86% of income unspent that year. Across the 5 years on record, from December 2018 to December 2022, income fell from $9.5m to $1.7m (-82%), an average of -35% a year. The sharpest change came in the year to December 2019, when income dropped by 82%. Over the whole period it spent 3.5% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pelham Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Housing Lopez ($1.7m), Mennonite Housing Rehabilatation Services Inc ($1.7m) and Ann Arbor Affordable Housing Corporation ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 69% and program service revenue 29% of the total. At year end it held assets of $13.7m against liabilities of $73k, net assets of $13.6m.