Southeastern Massachusetts Veterans Housing Program Inc

Analysis

Southeastern Massachusetts Veterans Housing Program Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in September 1991, 35 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 September 2023, Southeastern Massachusetts Veterans Housing Program Inc reported income of $2.9m and spending of $2.4m, spending 84% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.3m to $2.9m (-14%), an average of -3.6% a year. The sharpest change came in the year to September 2020, when income dropped by 50%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Southeastern Massachusetts Veterans Housing Program Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Wisconsin Rural Water Association Inc ($2.9m), Georgia Southwestern Foundation Inc ($2.9m) and Million Dollar Round Table Foundation ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 6.9% of the total. Compensation of current officers, directors and key employees was $210k (8.7% of expenses). Other salaries and wages came to $1.1m. It paid $63k in professional fundraising fees. At year end it held assets of $4.0m against liabilities of $590k, net assets of $3.4m. It reported 30 employees.