Community Housing of Maine Inc

Analysis

Community Housing of Maine Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in September 1994, 32 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, Community Housing of Maine Inc reported income of $6.8m and spending of $4.9m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.7m to $6.8m (+1.1%), an average of +0.3% a year. The sharpest change came in the year to June 2020, when income dropped by 53%. Over the whole period it spent 74% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Housing of Maine Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within ME. Charities of a similar size with the same main cause include Independent Environments Inc ($6.8m), Community Resources & Housing Development Corporation ($6.8m) and Conservation Farms & Ranches ($6.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 46% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $384k (7.9% of expenses). Other salaries and wages came to $490k. At year end it held assets of $40.9m against liabilities of $25.5m, net assets of $15.4m. It reported 15 employees.