The Housing Foundation

Analysis

The Housing Foundation is a registered charity in United States, based in Orono, ME. It received its IRS tax-exemption ruling in September 1979, 47 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 June 2024, The Housing Foundation reported income of $619k and spending of $651k, spending 105% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $580k to $619k (+6.8%), an average of +1.6% a year. The sharpest change came in the year to June 2023, when income rose by 15%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, The Housing Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within ME. Charities of a similar size with the same main cause include Two Bridges Neighborhood Council Inc ($619k), W O L Inc ($620k) and Epworth House-A Methodist Home for the Aging Inc ($619k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $4,026 (0.6% of expenses). Other salaries and wages came to $53k. At year end it held assets of $2.6m against liabilities of $3.0m, net assets of -$411k.