Nantucket Sustainable Development Corporation

Analysis

Nantucket Sustainable Development Corporation is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in May 2000, 26 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 December 2023, Nantucket Sustainable Development Corporation reported income of $700k and spending of $468k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $411k to $700k (+70%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 51%. Over the whole period it spent 80% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nantucket Sustainable Development Corporation sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include National Church Residences of ($699k), Haus of Codec ($700k) and Senior Citizens Housing Development Corporation of Boston Inc ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 11% of the total. Other salaries and wages came to $235k. At year end it held assets of $589k against liabilities of $16k, net assets of $574k. It reported 8 employees.