Dudley Neighbors Incorporated

Analysis

Dudley Neighbors Incorporated is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in January 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Dudley Neighbors Incorporated reported income of $347k and spending of $473k, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $226k to $347k (+54%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 73%. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dudley Neighbors Incorporated sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Hills and Rivers Housing Trust ($347k), Rural Development Inc ($347k) and Elderly Housing Development Corp of Old Saybrook ($346k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 28% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $81k (17% of expenses). Other salaries and wages came to $73k. At year end it held assets of $5.4m against liabilities of $418k, net assets of $5.0m. It reported 11 employees.