Housing Navigator Massachusetts Inc

Analysis

Housing Navigator Massachusetts Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in January 2021, 5 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, Housing Navigator Massachusetts Inc reported income of $2.0m and spending of $1.4m, leaving 31% of income unspent that year. The sharpest change came in the year to December 2022, when income rose by 1848%. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Navigator Massachusetts Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MA. Charities of a similar size with the same main cause include Lowell Transitional Living Center Inc ($2.0m), Willow Grove Community Development Corporation ($2.0m) and Sandy Run Missionary Baptist Church Apartment 1 Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $166k (12% of expenses). Other salaries and wages came to $623k. At year end it held assets of $2.1m against liabilities of $80k, net assets of $2.0m. It reported 10 employees.