Washington County Residences

Analysis

Washington County Residences is a registered charity in United States, based in Machias, ME. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Washington County Residences reported income of $226k and spending of $197k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $211k to $226k (+7.2%), an average of +7.2% a year. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Washington County Residences sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 49th percentile within ME. Charities of a similar size with the same main cause include Family Promise of Bradley County ($226k), Bridgewood Apartments Inc ($226k) and Jewel Lake Senior Housing Inc ($226k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $267k against liabilities of $478k, net assets of -$211k.