Merrimack Housing Corporation

Analysis

Merrimack Housing Corporation is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in April 1993, 33 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 June 2023, Merrimack Housing Corporation reported income of $144k and spending of $162k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $164k to $144k (-12%), an average of -3.2% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Merrimack Housing Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 51st percentile within MA. Charities of a similar size with the same main cause include Hardin County Housing Development Inc ($144k), Willow Street Apartments ($144k) and Advocates for the Homeless of Upper Bucks ($143k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $1.6m, net assets of -$72k.