Overlook Communities Inc

Analysis

Overlook Communities Inc is a registered charity in United States, based in Charlton, MA. It received its IRS tax-exemption ruling in October 2001, 25 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, Overlook Communities Inc reported income of $14.6m and spending of $14.4m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.1m to $14.6m (+11%), an average of +2.6% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Overlook Communities Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MA. Charities of a similar size with the same main cause include Community Action Agency of Delaware County Inc ($14.6m), Lutheran Home for the Aged Association - West ($14.6m) and Broward Partnership for the Homeless Inc ($14.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $207k (1.4% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $36.8m against liabilities of $74.2m, net assets of -$37.4m. It reported 141 employees.