Calais Methodist Home Inc

Analysis

Calais Methodist Home Inc is a registered charity in United States, based in Calais, ME. It received its IRS tax-exemption ruling in January 2003, 23 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 December 2023, Calais Methodist Home Inc reported income of $968k and spending of $1.1m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $785k to $968k (+23%), an average of +5.4% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Calais Methodist Home Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 76th percentile within ME. Charities of a similar size with the same main cause include Fish Friends in Service to Humanity of Northwestern Connecticut Inc ($968k), Moogoong Terrace Inc ($969k) and NHDC Fairfield Village Apartments Inc ($966k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 39% and program service revenue 58% of the total. At year end it held assets of $4.8m against liabilities of $4.9m, net assets of -$173k.

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.