Waltham Properties Inc

Analysis

Waltham Properties Inc is a registered charity in United States, based in Milford, MA. It received its IRS tax-exemption ruling in August 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 June 2023, Waltham Properties Inc reported income of $55k and spending of $72k, spending 131% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $42k to $55k (+31%), an average of +30% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Waltham Properties Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 30th percentile within MA. Charities of a similar size with the same main cause include Partridge Center Inc ($55k), Community Apartments Corporation of of Metrolina 8 ($55k) and Phoenix Rising Center for Women Inc ($55k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 21% of the total. At year end it held assets of $201k against liabilities of $172k, net assets of $29k.