Wollaston Lutheran Housing Inc

Analysis

Wollaston Lutheran Housing Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in January 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 December 2023, Wollaston Lutheran Housing Inc reported income of $171k and spending of $170k, spending 99% of its income. Across the 4 years on record, from December 2019 to December 2023, income fell from $2.5m to $171k (-93%), an average of -59% a year. The sharpest change came in the year to December 2023, when income dropped by 84%. 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, Wollaston Lutheran Housing Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 54th percentile within MA. Charities of a similar size with the same main cause include Delta Partners II Inc ($171k), Whatsoever You Do ($172k) and New Eve Ministries ($171k).

At year end it held assets of $299k against liabilities of $2,281, net assets of $296k. It reported 5 employees.