Community Action for Better Housing Inc

Analysis

Community Action for Better Housing Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. 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 June 2023, Community Action for Better Housing Inc reported income of $1.4m and spending of $1.5m, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.2m to $1.4m (+18%), an average of +5.7% a year. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community Action for Better Housing Inc sits at the 81st percentile: it is larger than about 81% 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 Gumboro Volunteer Fire Co ($1.4m), Minnesota Christian Broadcasters Inc ($1.4m) and Bible Helps ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.6% and program service revenue 74% of the total. Other salaries and wages came to $435k. At year end it held assets of $7.5m against liabilities of $8.6m, net assets of -$1.0m. It reported 16 employees.

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.