77 Magazine House Inc

Analysis

77 Magazine House Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in May 1990, 36 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, 77 Magazine House Inc reported income of $150k and spending of $127k, spending 85% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $158k to $150k (-4.9%), an average of -4.9% a year. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 77 Magazine House Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 52nd percentile within MA. Charities of a similar size with the same main cause include New Outlook Inc ($150k), Lewiston Itc Elderly Housing Deveolpement Fund Corporation ($150k) and FF of North Orange Park Inc ($150k).

On its Form 990-EZ for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $378k against liabilities of $566k, net assets of -$189k.