Fenway Companies Inc

Analysis

Fenway Companies Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in October 2014, 12 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 December 2023, Fenway Companies Inc reported income of $434k and spending of $724k, spending 167% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $322k to $434k (+35%), an average of +7.7% a year. Over the whole period it spent 168% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fenway Companies Inc sits at the 54th 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 President Abraham Lincoln Manor II ($433k), Convergence Memphis Inc ($434k) and Baptist Retirement Village II ($433k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $2.4m against liabilities of $5.1m, net assets of -$2.7m.

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.