Massachusetts Housing and Shelter Alliance Inc

Analysis

Massachusetts Housing and Shelter Alliance Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in December 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Massachusetts Housing and Shelter Alliance Inc reported income of $27.8m and spending of $27.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.0m to $27.8m (+99%), an average of +19% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Massachusetts Housing and Shelter Alliance Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MA. Charities of a similar size with the same main cause include Scbma ($27.7m), Family Focus ($27.8m) and Lift Community Action Agency Inc ($27.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $415k (1.5% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $17.9m against liabilities of $15.6m, net assets of $2.3m. It reported 21 employees.