Assisi Housing Corporation

Analysis

Assisi Housing Corporation is a registered charity in United States, based in New Bedford, MA. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Assisi Housing Corporation reported income of $267k and spending of $333k, spending 125% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $190k to $267k (+40%), an average of +7.0% a year. The sharpest change came in the year to June 2023, when income rose by 26%. Over the whole period it spent 133% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Assisi Housing Corporation sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within MA. Charities of a similar size with the same main cause include Oregon Fire District Directors Association ($267k), Darchei Noam Inc ($267k) and Glens Falls Association for the Blind Inc ($267k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. At year end it held assets of $2.5m against liabilities of $3.0m, net assets of -$481k.

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.