Upsala Elder Housing Corporation

Analysis

Upsala Elder Housing Corporation is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in February 1994, 32 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 March 2024, Upsala Elder Housing Corporation reported income of $648k and spending of $803k, spending 124% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $592k to $648k (+9.5%), an average of +2.3% a year. 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, Upsala Elder Housing Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Massachusetts Fair Housing Center Inc ($647k), Rose View Terrace Inc ($648k) and Maof Properties Inc ($647k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $164k. At year end it held assets of $2.1m against liabilities of $164k, net assets of $2.0m.

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.