Oscar Romero House Inc

Analysis

Oscar Romero House Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Oscar Romero House Inc reported income of $126k and spending of $200k, spending 159% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $105k to $126k (+20%), an average of +6.4% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 176% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oscar Romero House Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 49th percentile within MA. Charities of a similar size with the same main cause include First United Methodist Church Foundation of Sioux Falls ($126k), Ascension Nursery & Kindergarten Inc ($126k) and Native Roots Farm Foundation ($126k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.8m against liabilities of $2.4m, net assets of -$543k.

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.