Housing Solutions for Southeastern Massachusetts Inc

Analysis

Housing Solutions for Southeastern Massachusetts Inc is a registered charity in United States, based in Kingston, MA. It received its IRS tax-exemption ruling in January 1972, 54 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 2023, Housing Solutions for Southeastern Massachusetts Inc reported income of $617k and spending of $277k, leaving 55% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $276k to $617k (+124%), an average of +31% a year. The sharpest change came in the year to June 2021, when income rose by 222%. 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, Housing Solutions for Southeastern Massachusetts Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Laguna Cottages for Seniors ($617k), Anand Martin Foundation Inc ($617k) and South Seventh Corporation ($617k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 38% of the total. At year end it held assets of $7.8m against liabilities of $376k, net assets of $7.4m.