Four Directions Development Corporation

Analysis

Four Directions Development Corporation is a registered charity in United States, based in Orono, ME. It received its IRS tax-exemption ruling in December 2002, 24 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 September 2023, Four Directions Development Corporation reported income of $2.6m and spending of $2.0m, spending 80% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.4m to $2.6m (+82%), an average of +16% a year. The sharpest change came in the year to September 2021, when income rose by 86%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Four Directions Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within ME. Charities of a similar size with the same main cause include Bgc-Ii Nonprofit Housing Corporation ($2.6m), Rural Neighborhoods Incorporated ($2.6m) and Volunteers of America Inc ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 78% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $128k (6.3% of expenses). Other salaries and wages came to $630k. At year end it held assets of $15.6m against liabilities of $7.1m, net assets of $8.6m. It reported 15 employees.