Manchester Housing for the Elderly

Analysis

Manchester Housing for the Elderly is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in July 1981, 45 years ago. 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, Manchester Housing for the Elderly reported income of $231k and spending of $232k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $231k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2023, when income rose by 17%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Manchester Housing for the Elderly sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 50th percentile within ME. Charities of a similar size with the same main cause include Glen Haven Area Volunteer Fire Department ($231k), Piatt Lake Bible Conference Association ($231k) and Georgia Athletic Directors Association Inc ($231k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 26% of the total. At year end it held assets of $691k against liabilities of $869k, net assets of -$179k.

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.