Yarock Memorial Housing Inc

Analysis

Yarock Memorial Housing Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in June 2005, 21 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Yarock Memorial Housing Inc reported income of $961k and spending of $1.2m, spending 127% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income fell from $1.2m to $961k (-20%), an average of -7.2% a year. The sharpest change came in the year to September 2020, when income dropped by 20%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Yarock Memorial Housing Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Guardian Center Inc ($960k), Rehoboth AFC Inc ($961k) and First Senior Housing Corporation ($960k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $4.3m against liabilities of $840k, net assets of $3.4m.