Advocates Properties Incorporated

Analysis

Advocates Properties Incorporated is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in November 1983, 43 years ago. 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, Advocates Properties Incorporated reported income of $77k and spending of $134k, spending 173% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $81k to $77k (-4.7%), an average of -4.7% a year. Over the whole period it spent 160% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Advocates Properties Incorporated sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Freeport Area Library Association ($77k), PTA North Carolina Congress ($77k) and Elizabeth Kates Foundation Inc ($77k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. At year end it held assets of $69k against liabilities of $97k, net assets of -$29k.