Chelsea Jewish North Shore Assisted Living Inc

Analysis

Chelsea Jewish North Shore Assisted Living Inc is a registered charity in United States, based in Peabody, MA. It received its IRS tax-exemption ruling in October 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 December 2023, Chelsea Jewish North Shore Assisted Living Inc reported income of $9.6m and spending of $8.6m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $8.2m to $9.6m (+17%), an average of +4.0% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chelsea Jewish North Shore Assisted Living Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MA. Charities of a similar size with the same main cause include Next Step Strategies Inc ($9.6m), Iccf Community Home ($9.6m) and Community Housing Concepts Inc ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $19.1m against liabilities of $15.7m, net assets of $3.4m.