Sophia Snow Independent Living Inc

Analysis

Sophia Snow Independent Living Inc is a registered charity in United States, based in West Roxbury, MA. It received its IRS tax-exemption ruling in September 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, Sophia Snow Independent Living Inc reported income of $1.4m and spending of $1.4m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.0m to $1.4m (+39%), an average of +8.6% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Sophia Snow Independent Living Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Banyan Club Apartments Holding Corporation ($1.4m), Eastern Sierra Community Housing Inc ($1.4m) and Lutheran Home Foundation Inc ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. At year end it held assets of $12.7m against liabilities of $16.9m, net assets of -$4.2m.