Amoskeag Residences Inc

Analysis

Amoskeag Residences Inc is a registered charity in United States, based in Manchester, NH. It received its IRS tax-exemption ruling in September 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Amoskeag Residences Inc reported income of $222k and spending of $218k, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $204k to $222k (+8.8%), an average of +2.1% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amoskeag Residences Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 58th percentile within NH. Charities of a similar size with the same main cause include F I S H of Sanibel-Captiva Foundation Inc ($222k), Wonder Ministries ($222k) and Edward Pierce Center for Autism Inc ($222k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $415k against liabilities of $137k, net assets of $278k.