Ingraham Housing Corporation Inc

Analysis

Ingraham Housing Corporation Inc is a registered charity in United States, based in S Portland, ME. It received its IRS tax-exemption ruling in April 1995, 31 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, Ingraham Housing Corporation Inc reported income of $193k and spending of $196k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $292k to $193k (-34%), an average of -13% a year. The sharpest change came in the year to June 2021, when income dropped by 26%. 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, Ingraham Housing Corporation Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 46th percentile within ME. Charities of a similar size with the same main cause include Statewide Bay Landing Inc ($193k), Highbridge-Tpt Housing Developmentfund Corporation ($193k) and HFL Van Nuys Apartments ($193k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.1m against liabilities of $2.1m, net assets of $75k.