Advocates Natick Village Corporation

Analysis

Advocates Natick Village Corporation is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in May 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 June 2023, Advocates Natick Village Corporation reported income of $89k and spending of $134k, spending 150% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $92k to $89k (-3.0%), an average of -0.8% a year. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Advocates Natick Village Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Cla Homes II Corp ($89k), 35 Catherine Street Inc ($89k) and Emanuel Housing Corporation ($89k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Other salaries and wages came to $25k. At year end it held assets of $461k against liabilities of $140k, net assets of $320k.

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.