George Marston Whitin Memorial Community Association Inc

Analysis

George Marston Whitin Memorial Community Association Inc is a registered charity in United States, based in Whitinsville, MA. It received its IRS tax-exemption ruling in July 1938, 88 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 August 2023, George Marston Whitin Memorial Community Association Inc reported income of $4.7m and spending of $3.4m, leaving 27% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $2.7m to $4.7m (+73%), an average of +15% a year. The sharpest change came in the year to August 2023, when income rose by 33%. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, George Marston Whitin Memorial Community Association Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Cambridge Community Housing Inc ($4.7m), Episcopal Apartments of the Slate Belt Inc ($4.7m) and Salem Village III Inc ($4.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 51% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $103k (3.0% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $9.1m against liabilities of $4.0m, net assets of $5.0m. It reported 149 employees.