Mattapan Center for Life Inc

Analysis

Mattapan Center for Life Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in September 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Mattapan Center for Life Inc reported income of $720k and spending of $824k, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $547k to $720k (+32%), an average of +7.1% a year. The sharpest change came in the year to September 2023, when income rose by 20%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mattapan Center for Life Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Rebuilding Together Northern Nevada Inc ($720k), Joint Ownership Entity New York City Corp ($720k) and Riley House Non Profit Housing Corporation ($720k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 2.1% and program service revenue 94% of the total. At year end it held assets of $1.8m against liabilities of $4.1m, net assets of -$2.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.