Stony Brook Housing Inc

Analysis

Stony Brook Housing Inc is a registered charity in United States, based in Lewiston, ME. It received its IRS tax-exemption ruling in March 2000, 26 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, Stony Brook Housing Inc reported income of $93k and spending of $90k, spending 97% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $75k to $93k (+24%), an average of +7.5% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stony Brook Housing Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 28th percentile within ME. Charities of a similar size with the same main cause include Western Iowa Housing Corporation ($93k), Choctaw Hugo Properties Inc ($93k) and Shelter Ministries Inc ($93k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $343k against liabilities of $56k, net assets of $287k.