Commonwealth Land Trust Property Bowdoin Manor

Analysis

Commonwealth Land Trust Property Bowdoin Manor is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in June 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 December 2023, Commonwealth Land Trust Property Bowdoin Manor reported income of $7.5m and spending of $7.0m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $7.5m (+96%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 53%. Over the whole period it spent 85% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Commonwealth Land Trust Property Bowdoin Manor sits at the 94th percentile: it is larger than about 94% 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 Carnegie East House Housing Development Fund Company Inc ($7.5m), Crotona Park West Housing Development Fund Corporation ($7.6m) and Opportunity House ($7.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $29.9m against liabilities of $17.2m, net assets of $12.7m. It reported 65 employees.