Freeport Senior Housing Inc

Analysis

Freeport Senior Housing Inc is a registered charity in United States, based in Freeport, ME. It received its IRS tax-exemption ruling in January 1996, 30 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 September 2023, Freeport Senior Housing Inc reported income of $716k and spending of $711k, spending 99% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $595k to $716k (+20%), an average of +6.4% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Freeport Senior Housing Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within ME. Charities of a similar size with the same main cause include Rebuilding Together Petaluma Inc ($716k), Adams Senior Citizen Housing Corporation ($717k) and Creek Housing Corporation ($716k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $2.2m against liabilities of $1.2m, net assets of $952k.