Lower Roxbury Community Corporation

Analysis

Lower Roxbury Community Corporation is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in March 1969, 57 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Lower Roxbury Community Corporation reported income of $3.3m and spending of $3.4m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.2m to $3.3m (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 66%. Over the whole period it spent 48% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lower Roxbury Community Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MA. Charities of a similar size with the same main cause include Dreamcatchers Empowerment Network ($3.3m), Catholic Charities Regional Agency ($3.3m) and Polk County Sheltered Workshop Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 82% of the total. At year end it held assets of $67.0m against liabilities of $28.4m, net assets of $38.6m.