Bangor Half-Way House Inc

Analysis

Bangor Half-Way House Inc is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in March 1966, 60 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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 2024, Bangor Half-Way House Inc reported income of $191k and spending of $115k, leaving 40% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $109k to $191k (+75%), an average of +12% a year. The sharpest change came in the year to June 2023, when income rose by 169%. Over the whole period it spent 77% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bangor Half-Way House Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 46th percentile within ME. Charities of a similar size with the same main cause include Two Hearts-Ashland Area Pregnancy Care Center ($191k), Marthas House of Hope Inc ($191k) and Navajeevan Eye Care Trust USA Inc ($191k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 1.6% and program service revenue 96% of the total. At year end it held assets of $660k against liabilities of $213k, net assets of $447k.