Pleasant Street Housing Inc

Analysis

Pleasant Street Housing Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in August 1987, 39 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Pleasant Street Housing Inc reported income of $359k and spending of $395k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $243k to $359k (+48%), an average of +10% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pleasant Street Housing Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 60th percentile within ME. Charities of a similar size with the same main cause include United Church Residences of Olean New York Inc ($359k), Affordable Housing Solutions Inc ($359k) and Independence Landing Inc ($358k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 69% of the total. At year end it held assets of $617k against liabilities of $1.0m, net assets of -$395k.