808-812 Memorial Drive Housing Charitable TR

Analysis

808-812 Memorial Drive Housing Charitable TR is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in November 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 808-812 Memorial Drive Housing Charitable TR reported income of $1.5m and spending of $81k, leaving 95% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.5m to $1.5m (-41%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 31%. Over the whole period it spent 4.8% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 808-812 Memorial Drive Housing Charitable TR sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Saint Andrews Lighthouse Dba Gabrie Lhouse of Care ($1.5m), Central Oregon Veterans & Community Outreach Inc ($1.5m) and Freehold Area Open Door Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $54.5m against liabilities of $14k, net assets of $54.5m.