Mission Springs Housing for the Elderly Inc

Analysis

Mission Springs Housing for the Elderly Inc is a registered charity in United States, based in Boston, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Mission Springs Housing for the Elderly Inc reported income of $900k and spending of $901k, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $797k to $900k (+13%), an average of +3.1% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mission Springs Housing for the Elderly Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Add ADHD Housing Group Inc ($900k), Housing Opportunities Project for Excellence Inc ($901k) and We Care Program-Turlock ($899k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 53% and program service revenue 45% of the total. At year end it held assets of $4.1m against liabilities of $671k, net assets of $3.5m.