Montello Welcome Home Again Inc

Analysis

Montello Welcome Home Again Inc is a registered charity in United States, based in Brockton, MA. It received its IRS tax-exemption ruling in May 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Montello Welcome Home Again Inc reported income of $378k and spending of $494k, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $423k to $378k (-11%), an average of -2.8% a year. The sharpest change came in the year to June 2020, when income dropped by 18%. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Montello Welcome Home Again Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Williamsburg Area Improved Dwellings Inc ($378k), Adam and Bruce Housing Corporation ($378k) and Habitat for Humanity International Inc ($378k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. At year end it held assets of $4.7m against liabilities of $4.8m, net assets of -$122k.

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.