Tedford Housing

Analysis

Tedford Housing is a registered charity in United States, based in Brunswick, ME. It received its IRS tax-exemption ruling in May 2003, 23 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, Tedford Housing reported income of $2.0m and spending of $1.9m, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $2.0m to $2.0m (-1.3%), an average of -0.3% a year. The sharpest change came in the year to June 2023, when income rose by 40%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Tedford Housing sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within ME. Charities of a similar size with the same main cause include Homesfund ($2.0m), Episcopal Homes Foundation of Minnesota ($2.0m) and Independence Square Housing Corp Inc ($2.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 74% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $109k (5.9% of expenses). Other salaries and wages came to $649k. At year end it held assets of $9.7m against liabilities of $6.6m, net assets of $3.1m. It reported 18 employees.