St Francis of Assisi Residences at Braintree III Inc

Analysis

St Francis of Assisi Residences at Braintree III Inc is a registered charity in United States, based in Braintree, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, St Francis of Assisi Residences at Braintree III Inc reported income of $190k and spending of $316k, spending 166% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $176k to $190k (+8.3%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 15%. Over the whole period it spent 172% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, St Francis of Assisi Residences at Braintree III Inc sits at the 36th 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 Brownton Housing Corporation ($190k), Spirit of Blue Foundation ($190k) and Heart of Taos ($190k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $7,211 (2.3% of expenses). Other salaries and wages came to $43k. At year end it held assets of $2.1m against liabilities of $3.9m, net assets of -$1.8m.

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.