25 School Street Inc

Analysis

25 School Street Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in March 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, 25 School Street Inc reported income of $548k and spending of $747k, spending 136% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $492k to $548k (+11%), an average of +3.7% a year. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 25 School Street Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Southcoast Fair Housing Inc ($548k), Famco ($548k) and Southbridge Community Development Corporation ($548k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $93k. At year end it held assets of $6.2m against liabilities of $8.9m, net assets of -$2.7m.

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.