Mount David Housing Inc

Analysis

Mount David Housing Inc is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in February 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Mount David Housing Inc reported income of $442k and spending of $236k, leaving 47% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $117k to $442k (+279%), an average of +30% a year. The sharpest change came in the year to June 2024, when income rose by 139%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mount David Housing Inc sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within ME. Charities of a similar size with the same main cause include Rose Villa Foundation Inc ($442k), Rocc NYC Incorporated ($442k) and Caring & Sharing Group Home Inc ($442k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 9.9% of the total. At year end it held assets of $417k against liabilities of $31k, net assets of $386k.