Andover Community Trust Inc

Analysis

Andover Community Trust Inc is a registered charity in United States, based in Andover, MA. It received its IRS tax-exemption ruling in April 1997, 29 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, Andover Community Trust Inc reported income of $188k and spending of $86k, leaving 54% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $178k to $188k (+5.8%), an average of +1.4% a year. The sharpest change came in the year to December 2022, when income dropped by 262%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Andover Community Trust Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Westover Cove Inc ($188k), 1220 TMV Condominium Association ($188k) and Delphi Housing Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.6m against liabilities of $781k, net assets of $837k. It reported 1 employees.