Home Together Community Housing Corp

Analysis

Home Together Community Housing Corp is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in March 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Home Together Community Housing Corp reported income of $56k and spending of $101k, spending 179% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $58k to $56k (-3.6%), an average of -0.9% a year. Over the whole period it spent 170% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Together Community Housing Corp sits at the 13th percentile: it is larger than about 12% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 31st percentile within MA. Charities of a similar size with the same main cause include Fairview Terrace Inc ($56k), George M Robinsteen House Inc ($56k) and Partners for Better Housing ($56k).

Other salaries and wages came to $2,422. At year end it held assets of $1.3m against liabilities of $992k, net assets of $323k.

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.