Lewiston-Auburn Area Housing Development Corporation

Analysis

Lewiston-Auburn Area Housing Development Corporation is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in June 1992, 34 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 2023, Lewiston-Auburn Area Housing Development Corporation reported income of $524k and spending of $800k, spending 153% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $210k to $524k (+150%), an average of +26% a year. The sharpest change came in the year to June 2020, when income rose by 161%. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Lewiston-Auburn Area Housing Development Corporation sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within ME. Charities of a similar size with the same main cause include Miles City Eagles Manor ($524k), Parree Porter Sr Housing Inc ($524k) and United Church Residences of Bellefontaine Ohio Inc ($524k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 56% of the total. At year end it held assets of $6.2m against liabilities of $5.2m, net assets of $1.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.