Residences at Neponset Field Inc

Analysis

Residences at Neponset Field Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 2014, 12 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Residences at Neponset Field Inc reported income of $452k and spending of $692k, spending 153% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $350k to $452k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 23%. Over the whole period it spent 172% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Residences at Neponset Field Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Durham Housing Assoc Inc ($451k), Ida B Wells Inc ($452k) and Panhandle Services for Children Inc ($451k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $7.5m against liabilities of $4.9m, net assets of $2.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.