Advocates Alliance Vernon St Corporation

Analysis

Advocates Alliance Vernon St Corporation is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in June 2007, 19 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, Advocates Alliance Vernon St Corporation reported income of $124k and spending of $246k, spending 199% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $111k to $124k (+11%), an average of +2.7% a year. Over the whole period it spent 194% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Advocates Alliance Vernon St Corporation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include American Cancer Society ($124k), Long Ranch ($124k) and Dev Partnerships Inc ($124k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. Other salaries and wages came to $43k. At year end it held assets of $1.6m against liabilities of $1.6m, net assets of -$8,549.

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.