Citizens Inn Inc

Analysis

Citizens Inn Inc is a registered charity in United States, based in Peabody, 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 June 2023, Citizens Inn Inc reported income of $7.0m and spending of $7.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.5m to $7.0m (+27%), an average of +6.2% a year. The sharpest change came in the year to June 2021, when income rose by 33%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Citizens Inn Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Stephen Center Inc ($7.0m), Latino Economic Development Center ($7.0m) and Cherry Street Mission Ministries ($7.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $137k (1.9% of expenses). Other salaries and wages came to $1.8m. At year end it held assets of $4.8m against liabilities of $3.0m, net assets of $1.8m. It reported 59 employees.