Worcester Common Ground Inc

Analysis

Worcester Common Ground Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in January 1994, 32 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, Worcester Common Ground Inc reported income of $1.7m and spending of $1.6m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.7m (+49%), an average of +10% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 65% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Worcester Common Ground Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Xavier Mission Inc ($1.7m), Westby Housing Associates Inc ($1.7m) and Senior Citizens Housing Development Fund Corporation of Steuben County ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $97k (6.2% of expenses). Other salaries and wages came to $363k. At year end it held assets of $17.0m against liabilities of $7.6m, net assets of $9.4m. It reported 10 employees.