Acre Triangle Community Development Corporation

Analysis

Acre Triangle Community Development Corporation is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in November 1984, 42 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 December 2023, Acre Triangle Community Development Corporation reported income of $313k and spending of $346k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $252k to $313k (+24%), an average of +5.6% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Acre Triangle Community Development Corporation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Northwoods Alliance for Temporary Housing ($313k), Wakefield Senior Housing Corp ($313k) and Page Homestead Senior Housing Inc ($313k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 90% of the total. Other salaries and wages came to $37k. At year end it held assets of $2.1m against liabilities of $311k, net assets of $1.8m.