Montello Welcome Home Inc

Analysis

Montello Welcome Home Inc is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in March 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, Montello Welcome Home Inc reported income of $351k and spending of $601k, spending 171% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $269k to $351k (+30%), an average of +6.9% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 174% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Montello Welcome Home Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 66th percentile within MA. Charities of a similar size with the same main cause include Salvation Army Missoula Residences Inc ($351k), Kona Housing Corporation 75-5995 Kuakini ($351k) and Lutheran Nonprofit Housing Coprporation-Calvary ($350k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 11% of the total. At year end it held assets of $3.8m against liabilities of $4.5m, net assets of -$651k.

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.