Walter S Brooks Elderly Homes at Ormont Court Inc

Analysis

Walter S Brooks Elderly Homes at Ormont Court Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 2005, 21 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, Walter S Brooks Elderly Homes at Ormont Court Inc reported income of $224k and spending of $233k, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $193k to $224k (+16%), an average of +3.9% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Walter S Brooks Elderly Homes at Ormont Court Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 59th percentile within MA. Charities of a similar size with the same main cause include Rubicon Homes ($224k), RVM Bend II Housing Corporation ($225k) and Neola Betterment Corporation ($224k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $1.3m against liabilities of $140k, net assets of $1.1m.

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.