Massachusetts Coalition for the Homeless Inc

Analysis

Massachusetts Coalition for the Homeless Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2024, Massachusetts Coalition for the Homeless Inc reported income of $3.6m and spending of $2.9m, leaving 20% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.7m to $3.6m (+117%), an average of +17% a year. The sharpest change came in the year to June 2024, when income rose by 39%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Massachusetts Coalition for the Homeless Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within MA. Charities of a similar size with the same main cause include American Indians in Texas - at the Spanish Colonial Missions ($3.6m), Start Small Think Big Inc ($3.6m) and Compassionnate Ministries Inc ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $148k (5.1% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $7.9m against liabilities of $1.4m, net assets of $6.5m. It reported 16 employees.