Westfield 202 Inc

Analysis

Westfield 202 Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 1999, 27 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, Westfield 202 Inc reported income of $478k and spending of $594k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $498k to $478k (-3.9%), an average of -1.0% a year. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Westfield 202 Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include NHDC Hampton Court Apartments Inc ($478k), Sacramento Elderly Housing Corporation ($478k) and Springboro Commons Retirement Villa Inc ($478k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 60% and program service revenue 39% of the total. At year end it held assets of $2.9m against liabilities of $582k, net assets of $2.3m.

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.