Coyne Road Inc

Analysis

Coyne Road Inc is a registered charity in United States, based in Newton Centre, MA. It received its IRS tax-exemption ruling in March 1997, 29 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 June 2023, Coyne Road Inc reported income of $138k and spending of $152k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $96k to $138k (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2022, when income rose by 71%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Coyne Road Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 50th percentile within MA. Charities of a similar size with the same main cause include Deforest Elderly Housing Owner Corporation ($138k), Southern Living Apartments Inc ($138k) and Hampton Woods Retirement Community Inc ($138k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $780k against liabilities of $633k, net assets of $147k.

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.