Freeman Forest Housing Corporation

Analysis

Freeman Forest Housing Corporation is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in August 2004, 22 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Freeman Forest Housing Corporation reported income of $287k and spending of $282k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $243k to $287k (+18%), an average of +4.2% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Freeman Forest Housing Corporation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 55th percentile within ME. Charities of a similar size with the same main cause include Magdalene House Okc Inc ($287k), Copley House Inc ($287k) and Cedar Park Senior Housing Corporation ($287k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $894k against liabilities of $1.1m, net assets of -$218k.