Knox District Housing

Analysis

Knox District Housing is a registered charity in United States, based in Bar Harbor, ME. It received its IRS tax-exemption ruling in May 1986, 40 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 June 2024, Knox District Housing reported income of $133k and spending of $160k, spending 121% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $133k to $133k (-0.5%), an average of -0.1% a year. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Knox District Housing sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 37th percentile within ME. Charities of a similar size with the same main cause include Executive Women of the Palm Beaches Foundation Inc ($133k), Lighthouse for Christ Inc ($133k) and Sackets Harbor Fire Co Inc ($133k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% and program service revenue 49% of the total. At year end it held assets of $349k against liabilities of $636k, net assets of -$287k.

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.