Essex Street Management Incorporated

Analysis

Essex Street Management Incorporated is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in November 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 (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, Essex Street Management Incorporated reported income of $934k and spending of $544k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.9m to $934k (-68%), an average of -25% a year. The sharpest change came in the year to December 2022, when income rose by 307%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Essex Street Management Incorporated sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include San Juan Community Home Trust ($933k), Aberdeen Neighborhood Housing Services ($934k) and Kenneth Gladstone Building Housing Development Fund Company ($933k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 60% of the total. Other salaries and wages came to $22k. At year end it held assets of $50.0m against liabilities of $41.0m, net assets of $9.0m.