Robert McBride House Inc

Analysis

Robert McBride House Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in May 1996, 30 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 2024, Robert McBride House Inc reported income of $306k and spending of $351k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $296k to $306k (+3.5%), an average of +0.9% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Robert McBride House Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Lock Towns Residential Facilities Inc ($306k), Carolina Christian Village Homes Inc ($306k) and Credit & Debt Management Institute ($306k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $54k. At year end it held assets of $1.4m against liabilities of $2.2m, net assets of -$791k.

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.