Fenway Community Health Realtycorporation

Analysis

Fenway Community Health Realtycorporation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2006, 20 years ago. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Fenway Community Health Realtycorporation reported income of $686k and spending of $4.3m, spending 622% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $400k to $686k (+71%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 134%. Over the whole period it spent 318% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fenway Community Health Realtycorporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include St Vincente Depaul Housing Inc ($686k), Birnamwood Area Emergency Services Inc ($686k) and Jefferson Park Neighbors Association ($686k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $134k (3.1% of expenses). Other salaries and wages came to $2.0m. At year end it held assets of $24.8m against liabilities of $29.8m, net assets of -$5.1m. It reported 32 employees.

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.