Emc Affordable Housing Preservation

Analysis

Emc Affordable Housing Preservation is a registered charity in United States, based in Westbrook, ME. It received its IRS tax-exemption ruling in March 2001, 25 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 June 2024, Emc Affordable Housing Preservation reported income of $797k and spending of $738k, spending 93% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $594k to $797k (+34%), an average of +7.6% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Emc Affordable Housing Preservation sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within ME. Charities of a similar size with the same main cause include Senior Group Living Services Inc ($797k), Menorah Terrace ($797k) and Student-Run Emergency Housing Unit of Philadelphia Inc ($797k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 6.7% and program service revenue 92% of the total. At year end it held assets of $3.5m against liabilities of $3.4m, net assets of $137k.