Hodgdon Housing for the Elderly

Analysis

Hodgdon Housing for the Elderly is a registered charity in United States, based in Hodgdon, ME. It received its IRS tax-exemption ruling in July 1988, 38 years ago. 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, Hodgdon Housing for the Elderly reported income of $180k and spending of $155k, spending 86% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $163k to $180k (+10%), an average of +5.0% a year. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hodgdon Housing for the Elderly sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 44th percentile within ME. Charities of a similar size with the same main cause include Norfolk Catholic School Foundation ($180k), Hospice Austin Fund ($180k) and Cannon Falls Educational Foundation ($180k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $371k against liabilities of $244k, net assets of $127k.