Habitat for Humanity Metrowest - Greater Worcester Inc

Analysis

Habitat for Humanity Metrowest - Greater Worcester Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in January 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, Habitat for Humanity Metrowest - Greater Worcester Inc reported income of $5.3m and spending of $5.2m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.1m to $5.3m (+68%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 120%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Habitat for Humanity Metrowest - Greater Worcester Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Humangood Cornerstone ($5.3m), Residential Youth Services & Empowerment ($5.3m) and Appalachian Foothills Housing Agency Incorporated ($5.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $228k (4.4% of expenses). Other salaries and wages came to $879k. At year end it held assets of $10.2m against liabilities of $4.6m, net assets of $5.6m. It reported 34 employees.