32 Byers Street Inc

Analysis

32 Byers Street Inc is a registered charity in United States, based in Springfield, MA. It received its IRS tax-exemption ruling in February 1995, 31 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 June 2023, 32 Byers Street Inc reported income of $370k and spending of $401k, spending 108% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $360k to $370k (+2.7%), an average of +0.9% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 32 Byers Street Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Northwest Chicago Group Homes Inc ($370k), Grace Place Retirement Community Inc ($370k) and Greystone Manor Inc ($370k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. At year end it held assets of $958k against liabilities of $1.1m, net assets of -$154k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.