Memorial Hall Housing Inc

Analysis

Memorial Hall Housing Inc is a registered charity in United States, based in Ipswich, MA. It received its IRS tax-exemption ruling in June 2004, 22 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 2024, Memorial Hall Housing Inc reported income of $191k and spending of $192k, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $116k to $191k (+66%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Memorial Hall Housing Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include Burcham Hills Foundation ($191k), Noble Senior Housing Inc ($191k) and Capc Supportive Needs Housing Inc ($191k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 18% of the total. Other salaries and wages came to $21k. At year end it held assets of $1.6m against liabilities of $467k, 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.