Congregational Retirement Homes II Inc

Analysis

Congregational Retirement Homes II Inc is a registered charity in United States, based in Melrose, MA. It received its IRS tax-exemption ruling in March 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 2024, Congregational Retirement Homes II Inc reported income of $2.8m and spending of $1.7m, leaving 39% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.1m to $2.8m (+36%), an average of +8.0% a year. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Congregational Retirement Homes II Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within MA. Charities of a similar size with the same main cause include 230 John Wesley Dobbs Boulevard Ventures Inc ($2.8m), Bridgecourt Housing Inc ($2.8m) and Jctod Outreach Inc ($2.8m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. At year end it held assets of $9.7m against liabilities of $157k, net assets of $9.5m.