South Shore Community Residences Inc

Analysis

South Shore Community Residences Inc is a registered charity in United States, based in Kingston, MA. It received its IRS tax-exemption ruling in April 2023, 3 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 December 2023, South Shore Community Residences Inc reported income of $172k and spending of $165k, spending 95% of its income. Across the 3 years on record, from December 2008 to December 2023, income fell from $203k to $172k (-15%), an average of -8.0% a year. The sharpest change came in the year to December 2023, when income dropped by 16%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Shore Community Residences Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Northern Valley Home ($172k), George Gervin Wings of Hope ($173k) and Jurha Housing and Community Development Organization ($172k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. At year end it held assets of $1.5m against liabilities of $931k, net assets of $573k.