Academy Management & Hospitality Services Group Inc

Analysis

Academy Management & Hospitality Services Group Inc is a registered charity in United States, based in Tewksbury, MA. It received its IRS tax-exemption ruling in February 2022, 4 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, Academy Management & Hospitality Services Group Inc reported income of $246k and spending of $299k, spending 122% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $275k to $246k (-11%), an average of -5.4% a year. The sharpest change came in the year to June 2022, when income rose by 239%. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Academy Management & Hospitality Services Group Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 61st percentile within MA. Charities of a similar size with the same main cause include Sunshine Home Share Colorado ($245k), Ucc Xvii Inc ($246k) and Peoples Owned and Operated Collective Housing Inc ($245k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $459k against liabilities of $754k, net assets of -$295k.

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.