Frye School Housing Development Inc

Analysis

Frye School Housing Development Inc is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in May 1999, 27 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, Frye School Housing Development Inc reported income of $262k and spending of $296k, spending 113% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $223k to $262k (+17%), an average of +4.0% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Frye School Housing Development Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 53rd percentile within ME. Charities of a similar size with the same main cause include Kce Inc ($262k), Homeownership Education Resource Organization ($262k) and East Oakland Community Development Corporation ($261k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 47% of the total. At year end it held assets of $1.4m against liabilities of $25k, net assets of $1.4m.