Sears House Association Inc

Analysis

Sears House Association Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 March 2023, Sears House Association Inc reported income of $75k and spending of $328k, spending 435% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income fell from $142k to $75k (-47%), an average of -19% a year. The sharpest change came in the year to March 2023, when income dropped by 50%. Over the whole period it spent 255% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Sears House Association Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include Center for Racial Equity & Justice ($75k), Allegro Choral Academy ($75k) and Ethiopian Tigray Community in Minnesota ($75k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 22% of the total. At year end it held assets of $7.4m against liabilities of $1.3m, net assets of $6.2m.

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.