Commonsense Housing Inc

Analysis

Commonsense Housing Inc is a registered charity in United States, based in Eddington, ME. It received its IRS tax-exemption ruling in May 1981, 45 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2022, Commonsense Housing Inc reported income of $3.9m and spending of $3.9m, spending 99% of its income. Across the 3 years on record, from June 2020 to June 2022, income fell from $4.0m to $3.9m (-2.9%), an average of -1.5% a year. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Commonsense Housing Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 90th percentile within ME. Charities of a similar size with the same main cause include Developmental Essential Services ($3.9m), Economic Opportunity Board of Clark County ($3.9m) and Child Development Council of Northeastern Pa Inc ($3.9m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 8.2% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $103k (2.7% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $1.7m against liabilities of $327k, net assets of $1.4m. It reported 73 employees.