Marblehead Community Housing Corporation

Analysis

Marblehead Community Housing Corporation is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in August 1993, 33 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, Marblehead Community Housing Corporation reported income of $226k and spending of $90k, leaving 60% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $59k to $226k (+281%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 279%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marblehead Community Housing Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Sense of Security Inc ($226k), H O L I E of Cudahy Inc ($226k) and Bridgewood Apartments Inc ($226k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $472k against liabilities of $449k, net assets of $22k.