Groton Affordable Housing Inc

Analysis

Groton Affordable Housing Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in December 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 June 2023, Groton Affordable Housing Inc reported income of $527k and spending of $487k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $490k to $527k (+7.4%), an average of +1.8% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Groton Affordable Housing Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Ecumenical Community III ($527k), Dwell ($527k) and Ahead Inc ($526k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. At year end it held assets of $592k against liabilities of $2.0m, net assets of -$1.4m.