Metro West Collaborative Development Inc

Analysis

Metro West Collaborative Development Inc is a registered charity in United States, based in Newton, MA. It received its IRS tax-exemption ruling in May 1991, 35 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, Metro West Collaborative Development Inc reported income of $1.4m and spending of $1.9m, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $564k to $1.4m (+146%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 138%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metro West Collaborative Development Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Kinai Eha ($1.4m), A Tiny Home for Good ($1.4m) and Albany County Rural Housing ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 28% and program service revenue 67% of the total. Compensation of current officers, directors and key employees was $143k (7.7% of expenses). Other salaries and wages came to $695k. At year end it held assets of $35.5m against liabilities of $34.1m, net assets of $1.4m. It reported 14 employees.