Construct Inc

Analysis

Construct Inc is a registered charity in United States, based in Great Barrington, MA. It received its IRS tax-exemption ruling in January 1971, 55 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 June 2024, Construct Inc reported income of $1.2m and spending of $1.2m, spending 96% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $702k to $1.2m (+72%), an average of +11% a year. The sharpest change came in the year to June 2023, when income rose by 139%. Over the whole period it spent 66% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Construct Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MA. Charities of a similar size with the same main cause include Happy Orchids Home Services Corp ($1.2m), Charles WM Leighton Jr Hospice Inc ($1.2m) and Tift County Residential Housing Corporation ($1.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $96k (8.3% of expenses). Other salaries and wages came to $548k. At year end it held assets of $7.0m against liabilities of $2.0m, net assets of $5.0m. It reported 15 employees.