Advocates Co-Ops Corporation

Analysis

Advocates Co-Ops Corporation is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in February 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 June 2023, Advocates Co-Ops Corporation reported income of $231k and spending of $433k, spending 188% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $157k to $231k (+47%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 180% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Advocates Co-Ops Corporation sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Spartanburg Area Housing Corporation ($231k), Asi Las Vegas Inc ($231k) and Jackson House II Inc ($231k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Other salaries and wages came to $48k. At year end it held assets of $1.9m against liabilities of $1.1m, net assets of $798k.

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.