Great Road Properties Inc

Analysis

Great Road Properties Inc is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in September 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, Great Road Properties Inc reported income of $86k and spending of $120k, spending 140% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $67k to $86k (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2023, when income rose by 67%. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Great Road Properties Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Jessamine County Homeless Coalition Inc ($86k), Vesta Enteka ($86k) and Fiddlers Annex Inc ($86k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 76% and program service revenue 24% of the total. Other salaries and wages came to $26k. At year end it held assets of $290k against liabilities of $345k, net assets of -$55k.

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.