Easthampton Housing for the Elderly Inc

Analysis

Easthampton Housing for the Elderly Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1989, 37 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, Easthampton Housing for the Elderly Inc reported income of $774k and spending of $702k, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $641k to $774k (+21%), an average of +4.8% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Easthampton Housing for the Elderly Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MA. Charities of a similar size with the same main cause include Samaritan Inn Inc ($774k), Highland Terrace of Prestonsburg Inc ($774k) and Saint Marks Ministry to Aged Inc ($773k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. At year end it held assets of $1.4m against liabilities of $2.1m, net assets of -$719k.