Isle Au Haut Community Development Corporation

Analysis

Isle Au Haut Community Development Corporation is a registered charity in United States, based in Isle Au Haut, ME. It received its IRS tax-exemption ruling in June 1991, 35 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, Isle Au Haut Community Development Corporation reported income of $201k and spending of $135k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2018 to December 2023, income grew from $24k to $201k (+753%), an average of +71% a year. The sharpest change came in the year to December 2021, when income rose by 96%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Isle Au Haut Community Development Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 47th percentile within ME. Charities of a similar size with the same main cause include Orange County Housing Trust Inc ($201k), Bihf Riverside Community Based Nonprofit Corporation ($201k) and Greensboro Housing Development Partnership Inc ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% of the total. Other salaries and wages came to $18k. At year end it held assets of $928k against liabilities of $60k, net assets of $868k. It reported 1 employees.