Medford Community Housing Inc

Analysis

Medford Community Housing Inc is a registered charity in United States, based in Medford, MA. It received its IRS tax-exemption ruling in January 1989, 37 years ago. 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, Medford Community Housing Inc reported income of $408k and spending of $181k, leaving 56% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $130k to $408k (+214%), an average of +33% a year. The sharpest change came in the year to June 2023, when income rose by 149%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Medford Community Housing Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Owatonna Independent School District No 761 Foundation ($408k), Senior Housing Association of White Lake Inc ($408k) and St William Apartments Inc ($408k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $56k (31% of expenses). At year end it held assets of $1.3m against liabilities of $1.3m, net assets of $12k. It reported 1 employees.