35 Catherine Street Inc

Analysis

35 Catherine Street Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in January 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, 35 Catherine Street Inc reported income of $89k and spending of $89k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $45k to $89k (+96%), an average of +18% a year. The sharpest change came in the year to June 2020, when income rose by 35%. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, 35 Catherine Street Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 41st percentile within MA. Charities of a similar size with the same main cause include Advocates Natick Village Corporation ($89k), Childers Manor Inc ($89k) and Cla Homes II Corp ($89k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $591k against liabilities of $587k, net assets of $3,608.