Cheverus School Apartments Inc

Analysis

Cheverus School Apartments Inc is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in February 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Cheverus School Apartments Inc reported income of $690k and spending of $766k, spending 111% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $441k to $690k (+56%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 32%. Over the whole period it spent 120% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cheverus School Apartments 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 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Michigan Guardian Services ($690k), Pennyrile Childrens Advocacy Center Inc ($690k) and Paul Stefan Foundation of Our Ladyof Guadalupe ($690k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.5m against liabilities of $5.3m, net assets of -$2.7m.

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.