Orrington Housing Corp

Analysis

Orrington Housing Corp is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in May 1989, 37 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, Orrington Housing Corp reported income of $201k and spending of $234k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $176k to $201k (+14%), an average of +3.3% a year. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Orrington Housing Corp sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 47th percentile within ME. Charities of a similar size with the same main cause include Lutheran Housing Corporation Prairie Lake Apartments ($201k), Delhi Senior Housing Development Fund Company II Inc ($201k) and Carson Community Rodeo Incorporated ($200k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $586k against liabilities of $799k, net assets of -$213k.

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.