Belmont Commons Inc

Analysis

Belmont Commons Inc is a registered charity in United States, based in Pawtucket, RI. It received its IRS tax-exemption ruling in October 2010, 16 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, Belmont Commons Inc reported income of $133k and spending of $214k, spending 161% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $132k to $133k (+0.8%), an average of +0.2% a year. Over the whole period it spent 148% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Belmont Commons Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within RI. Charities of a similar size with the same main cause include Mother Teresa Villa Inc ($133k), Heritage Village of Barling Inc ($133k) and MP Housing Inc ($133k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 43% of the total. Other salaries and wages came to $13k. At year end it held assets of $1.8m against liabilities of $1.9m, net assets of -$97k.

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.