Highland Affordable Housing Inc

Analysis

Highland Affordable Housing Inc is a registered charity in United States, based in Truro, MA. It received its IRS tax-exemption ruling in June 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 2023, Highland Affordable Housing Inc reported income of $85k and spending of $123k, spending 145% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $70k to $85k (+20%), an average of +6.3% a year. The sharpest change came in the year to June 2023, when income rose by 38%. Over the whole period it spent 150% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Highland Affordable Housing 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 32nd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Mountain Springs Villa Inc ($85k), Sky View Villa ($85k) and Triple R Community Housing I Inc ($85k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 16% and program service revenue 77% of the total. At year end it held assets of $807k against liabilities of $174k, net assets of $634k.

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.