Webster Housing for the Elderly Inc

Analysis

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

In the financial year ending October 2023, Webster Housing for the Elderly Inc reported income of $930k and spending of $903k, spending 97% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $851k to $930k (+9.3%), an average of +2.2% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Webster Housing for the Elderly Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MA. Charities of a similar size with the same main cause include Corporacion Para El Desarrollo de LA Vivienda de Bayamon CD ($929k), Homestead Development Corp ($930k) and MRC Housing Development Fund Company Inc ($929k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $1.8m against liabilities of $3.1m, net assets of -$1.3m.