Lucy Stone Community Cooperatives Inc

Analysis

Lucy Stone Community Cooperatives Inc is a registered charity in United States, based in Roxbury, MA. It received its IRS tax-exemption ruling in November 2012, 14 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, Lucy Stone Community Cooperatives Inc reported income of $76k and spending of $80k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $133k to $76k (-43%), an average of -13% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lucy Stone Community Cooperatives Inc sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 38th percentile within MA. Charities of a similar size with the same main cause include River Town Heights Inc ($76k), Faith Residence Apartments Inc ($76k) and Greater Springfield Residences Inc ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $491k against liabilities of $396k, net assets of $95k.

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.