Rockport Affordable Housing Inc

Analysis

Rockport Affordable Housing Inc is a registered charity in United States, based in Beverly, MA. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Rockport Affordable Housing Inc reported income of $347k and spending of $387k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $326k to $347k (+6.5%), an average of +1.6% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Rockport Affordable Housing Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Rural Development Inc ($347k), New Orleans Neighborhood Development Foundation ($347k) and Dudley Neighbors Incorporated ($347k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $2.5m against liabilities of $2.7m, net assets of -$248k.

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.