Presidential Place Inc

Analysis

Presidential Place Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in June 1999, 27 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 June 2023, Presidential Place Inc reported income of $688k and spending of $772k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $625k to $688k (+10.0%), an average of +2.4% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Presidential Place Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Good Samaritan Ministries a Project of Carbondale Interfaith Council ($688k), Heritage Home Educational Society ($688k) and Sun City Center Residents Inc ($688k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $2.9m against liabilities of $115k, net assets of $2.8m.

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.