Housing Foundation

Analysis

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, Housing Foundation reported income of $290k and spending of $234k, spending 81% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $270k to $290k (+7.4%), an average of +1.8% a year. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 56th percentile within ME. Charities of a similar size with the same main cause include Enterprise Retirement Center Inc ($290k), Boone Regency Retirement ($290k) and Eliza Johnson Center for the Aging Inc ($290k).

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 $3,355 (1.4% of expenses). Other salaries and wages came to $18k. At year end it held assets of $1.1m against liabilities of $1.3m, net assets of -$178k.