Marshall Place Apartments Inc

Analysis

Marshall Place Apartments Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in June 2005, 21 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 June 2023, Marshall Place Apartments Inc reported income of $242k and spending of $265k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $171k to $242k (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2020, when income rose by 32%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Marshall Place Apartments Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Reach Apartments Inc ($242k), Mabel Swan II ($242k) and Independent Living Horizons Thirteen Inc ($241k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $54k (20% of expenses). At year end it held assets of $2.4m against liabilities of $2.6m, net assets of -$179k.

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.