Bolton Senior Housing Corporation

Analysis

Bolton Senior Housing Corporation is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in October 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bolton Senior Housing Corporation reported income of $442k and spending of $509k, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $414k to $442k (+6.8%), an average of +1.7% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bolton Senior Housing Corporation sits at the 55th percentile: it is larger than about 54% 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 Triad Properties ($442k), Start Easy Eagle Development Corp ($442k) and New Alternatives for LGBT Homeless Youth Inc ($442k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 33% of the total. At year end it held assets of $2.5m against liabilities of $4.0m, net assets of -$1.5m.

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.