Bowdoin Manor Housing Inc

Analysis

Bowdoin Manor Housing Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 2019, 7 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 December 2023, Bowdoin Manor Housing Inc reported income of $1.8m and spending of $1.7m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.3m to $1.8m (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2021, when income rose by 39%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bowdoin Manor Housing Inc sits at the 81st percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within MA. Charities of a similar size with the same main cause include Family Promise of Bergen County a New Jersey Non Profit Corporation ($1.8m), Northwest Jacksonville Community Development Corporation ($1.8m) and Garden Terrace ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% and program service revenue 14% of the total. At year end it held assets of $7.4m against liabilities of $5.4m, net assets of $2.0m.