United Residents in Academy Homes II Inc

Analysis

United Residents in Academy Homes II Inc is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in May 1998, 28 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 December 2023, United Residents in Academy Homes II Inc reported income of $9.8m and spending of $5.7m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.7m to $9.8m (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2020, when income rose by 33%. Over the whole period it spent 56% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, United Residents in Academy Homes II 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 Operation Fuel Inc ($9.8m), Front Steps Inc ($9.8m) and Elijah House Foundation ($9.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% of the total. At year end it held assets of $42.9m against liabilities of $880k, net assets of $42.0m.