Mid-Maine Homeless Shelter Inc

Analysis

Mid-Maine Homeless Shelter Inc is a registered charity in United States, based in Waterville, ME. It received its IRS tax-exemption ruling in August 1990, 36 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 December 2023, Mid-Maine Homeless Shelter Inc reported income of $2.5m and spending of $2.9m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $946k to $2.5m (+164%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 87%. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mid-Maine Homeless Shelter Inc sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ME. Charities of a similar size with the same main cause include Council House Inc ($2.5m), Habitat for Humanity International Inc ($2.5m) and Arkansas Methodist Medical Center Retirement Community Inc ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $116k (4.0% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $5.2m against liabilities of $306k, net assets of $4.9m. It reported 92 employees.