Sage Housing Inc

Analysis

Sage Housing Inc is a registered charity in United States, based in N Quincy, MA. It received its IRS tax-exemption ruling in January 2011, 15 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, Sage Housing Inc reported income of $104k and spending of $117k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $136k to $104k (-24%), an average of -6.6% a year. The sharpest change came in the year to December 2023, when income dropped by 41%. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sage Housing Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include Wrens Way Inc ($104k), Baptist Home for the Aged ($104k) and Ninth Ward Housing Development Corporation ($104k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 86% of the total. At year end it held assets of $1.2m against liabilities of $295k, net assets of $935k.