Indian Rock Supportive Housing Inc

Analysis

Indian Rock Supportive Housing Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in July 2006, 20 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 2024, Indian Rock Supportive Housing Inc reported income of $257k and spending of $337k, spending 131% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $172k to $257k (+49%), an average of +11% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 154% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Indian Rock Supportive Housing Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Responsive to Our Community Inc ($257k), Peoples Community Development Corporation ($257k) and Edith Street Apartments Inc ($257k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 98% of the total. Other salaries and wages came to $31k. At year end it held assets of $2.7m against liabilities of $1.1m, net assets of $1.7m.

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.