Southcoast Fair Housing Inc

Analysis

Southcoast Fair Housing Inc is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in July 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 (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, Southcoast Fair Housing Inc reported income of $548k and spending of $614k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $465k to $548k (+18%), an average of +4.2% a year. The sharpest change came in the year to June 2021, when income rose by 57%. Over the whole period it spent 111% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Southcoast Fair Housing Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MA. Charities of a similar size with the same main cause include Southbridge Community Development Corporation ($548k), 25 School Street Inc ($548k) and St Michael Veterans Center Inc ($548k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $91k (15% of expenses). Other salaries and wages came to $342k. At year end it held assets of $83k against liabilities of $345k, net assets of -$262k. It reported 45 employees.

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.