The Associations Second Property Inc

Analysis

The Associations Second Property Inc is a registered charity in United States, based in Northampton, MA. It received its IRS tax-exemption ruling in May 2009, 17 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 June 2023, The Associations Second Property Inc reported income of $52k and spending of $87k, spending 168% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $52k to $52k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 149% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Associations Second Property Inc sits at the 12th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 29th percentile within MA. Charities of a similar size with the same main cause include The Movement Family Incorporated ($52k), Dust to Dawn Residential Facilities Inc ($52k) and Alternative Efforts Center of Central New York Inc ($52k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 64% of the total. At year end it held assets of $604k against liabilities of $920k, net assets of -$316k.

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.