Locust Thirteen Inc

Analysis

Locust Thirteen Inc is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in March 2000, 26 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 June 2024, Locust Thirteen Inc reported income of $62k and spending of $92k, spending 149% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $76k to $62k (-19%), an average of -9.7% a year. The sharpest change came in the year to June 2024, when income dropped by 16%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Locust Thirteen Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 33rd percentile within MA. Charities of a similar size with the same main cause include Summit Apartments Inc ($62k), HH Ownership Inc ($62k) and Sutton Senior Housing Inc ($62k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 54% and program service revenue 46% of the total. At year end it held assets of $312k against liabilities of $409k, net assets of -$97k.