Belonging to Each Other Inc

Analysis

Belonging to Each Other Inc is a registered charity in United States, based in Falmouth, MA. It received its IRS tax-exemption ruling in February 2017, 9 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 May 2024, Belonging to Each Other Inc reported income of $1.6m and spending of $485k, leaving 69% of income unspent that year. Across the 4 years on record, from May 2021 to May 2024, income grew from $211k to $1.6m (+645%), an average of +95% a year. The sharpest change came in the year to May 2024, when income rose by 383%. Over the whole period it spent 50% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Belonging to Each Other Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.6m), Crossroads Group Home for Girls Inc ($1.6m) and Colorado Housing Assistance Corporation ($1.6m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 97% and program service revenue 1.1% of the total. Other salaries and wages came to $243k. At year end it held assets of $1.5m against liabilities of $188k, net assets of $1.3m. It reported 9 employees.