Plympton Elderly Housing Corp

Analysis

Plympton Elderly Housing Corp is a registered charity in United States, based in Kingston, MA. It received its IRS tax-exemption ruling in March 1998, 28 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, Plympton Elderly Housing Corp reported income of $448k and spending of $585k, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $414k to $448k (+8.2%), an average of +2.0% a year. Over the whole period it spent 133% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Plympton Elderly Housing Corp 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 68th percentile, and in the 69th percentile within MA. Charities of a similar size with the same main cause include Juniper Court Inc ($448k), Dekalb Senior Housing Inc ($448k) and Maple Leaf Housing Inc ($448k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $2.6m against liabilities of $677k, net assets of $1.9m.

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.