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. 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 $368k and spending of $344k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $361k to $368k (+1.9%), an average of +0.5% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Foundation sits at the 63rd percentile: it is larger than about 63% 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 Reading Buccaneers Inc ($368k), New Life Ministries Inc ($368k) and Next Steps Today Inc ($368k).

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 $5,032 (1.5% of expenses). Other salaries and wages came to $24k. At year end it held assets of $1.3m against liabilities of $1.6m, net assets of -$265k.