Father Bills & Mainspring Inc

Analysis

Father Bills & Mainspring Inc is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in October 1987, 39 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, Father Bills & Mainspring Inc reported income of $41.0m and spending of $35.6m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.7m to $41.0m (+81%), an average of +16% a year. The sharpest change came in the year to June 2021, when income rose by 58%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Father Bills & Mainspring Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Arundel Community Development Services Inc ($40.7m), Mercy Housing California ($41.1m) and Urban Pathways Inc ($40.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.4% of the total. Compensation of current officers, directors and key employees was $522k (1.5% of expenses). Other salaries and wages came to $10.9m. At year end it held assets of $49.1m against liabilities of $18.2m, net assets of $30.9m. It reported 362 employees.