Harvard Square Homeless Shelter Corporation

Analysis

Harvard Square Homeless Shelter Corporation is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in August 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Harvard Square Homeless Shelter Corporation reported income of $71k and spending of $43k, leaving 40% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $71k (+115%), an average of +115% a year. The sharpest change came in the year to December 2023, when income rose by 115%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Harvard Square Homeless Shelter Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Just US Club Inc ($71k), Financial and Estate Literacy Inc ($71k) and Fellowship Hall Inc ($71k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.