South Windham Housing Corporation

Analysis

South Windham Housing Corporation is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in September 2005, 21 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, South Windham Housing Corporation reported income of $292k and spending of $358k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $201k to $292k (+45%), an average of +9.8% a year. The sharpest change came in the year to December 2021, when income rose by 144%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, South Windham 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 56th percentile within ME. Charities of a similar size with the same main cause include Garrison Community Development USA ($291k), Anthony Adams House ($292k) and Grandview Second Corporation ($291k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. At year end it held assets of $2.3m against liabilities of $251k, net assets of $2.1m.