Mission Towers

Analysis

Mission Towers is a registered charity in United States, based in Haverhill, MA. It received its IRS tax-exemption ruling in November 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 December 2023, Mission Towers reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+39%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mission Towers sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Oregon Corporation for Affordable Housing ($1.8m), Bridge North Charleston ($1.8m) and Wesley Rydell Housing Corporation ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Other salaries and wages came to $399k. At year end it held assets of $7.2m against liabilities of $3.8m, net assets of $3.3m. It reported 16 employees.