South Boston Community Housing Inc

Analysis

South Boston Community Housing Inc is a registered charity in United States, based in S Boston, MA. It received its IRS tax-exemption ruling in October 1989, 37 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 December 2023, South Boston Community Housing Inc reported income of $2.6m and spending of $2.1m, spending 82% of its income. Across the 6 years on record, from June 2019 to December 2023, income grew from $2.5m to $2.6m (+2.3%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 154%. Over the whole period it spent 84% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Boston Community Housing Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include Scottsboro Housing & Social Services Inc ($2.6m), Ives Hill Retirement Community Inc ($2.6m) and Affordable Housing CDC Inc ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $104k (4.9% of expenses). Other salaries and wages came to $522k. At year end it held assets of $25.6m against liabilities of $10.6m, net assets of $15.0m. It reported 11 employees.