538 Talbot Avenue Inc

Analysis

538 Talbot Avenue Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2024, 538 Talbot Avenue Inc reported income of $200k and spending of $253k, spending 127% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income grew from $162k to $200k (+23%), an average of +4.2% a year. The sharpest change came in the year to September 2023, when income rose by 34%. Over the whole period it spent 121% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 538 Talbot Avenue Inc sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 58th percentile within MA. Charities of a similar size with the same main cause include St Andrews Village Inc ($200k), Douglas Multi-Family Property Management ($200k) and Housing Authority of the City of Augusta Kentucky ($200k).

On its Form 990 for the period ending September 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $753k against liabilities of $297k, net assets of $455k.

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.