Milton-Fuller Housing Corporation

Analysis

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

In the financial year ending September 2023, Milton-Fuller Housing Corporation reported income of $10.1m and spending of $10.8m, spending 108% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $8.1m to $10.1m (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2022, when income rose by 15%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Milton-Fuller Housing Corporation 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 Ccba Tai Tung Management Inc ($10.1m), Highbridge Community Housing Development Fund Corporation ($10.1m) and Eskaton Village-Roseville ($10.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.6% and program service revenue 80% of the total. Other salaries and wages came to $1.8m. At year end it held assets of $79.2m against liabilities of $97.7m, net assets of -$18.6m. It reported 43 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.