526 Park Street Inc

Analysis

526 Park Street Inc is a registered charity in United States, based in Dorchester, MA. It received its IRS tax-exemption ruling in September 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 December 2023, 526 Park Street Inc reported income of $214k and spending of $338k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $216k to $214k (-1.1%), an average of -0.3% a year. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 526 Park Street Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include A Christian Response of Shelter and Service Inc ($214k), St Theresas Inc ($214k) and A Place Called Home ($214k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$391k.

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.