East Millinocket Housing Corp

Analysis

East Millinocket Housing Corp is a registered charity in United States, based in E Millinocket, ME. It received its IRS tax-exemption ruling in November 1999, 27 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, East Millinocket Housing Corp reported income of $473k and spending of $475k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $434k to $473k (+9.0%), an average of +2.2% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, East Millinocket Housing Corp sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 65th percentile within ME. Charities of a similar size with the same main cause include South Sand Springs Senior Citizens Apartments Inc ($473k), Ahepa 78 Phase II Inc ($473k) and Gallagher Mansion Inc ($473k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $657k against liabilities of $619k, net assets of $38k.