Quadraplex Housing Inc

Analysis

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

In the financial year ending June 2023, Quadraplex Housing Inc reported income of $278k and spending of $298k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $282k to $278k (-1.3%), an average of -0.4% a year. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Quadraplex Housing Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Isaiah House ($278k), North Carolina Housing Foundation Inc ($278k) and Gateway House Inc ($278k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. At year end it held assets of $1.3m against liabilities of $1.8m, net assets of -$439k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.