North Haven Sustainable Housing

Analysis

North Haven Sustainable Housing is a registered charity in United States, based in North Haven, ME. It received its IRS tax-exemption ruling in July 2006, 20 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 December 2023, North Haven Sustainable Housing reported income of $738k and spending of $224k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $213k to $738k (+246%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 43% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, North Haven Sustainable Housing sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within ME. Charities of a similar size with the same main cause include Tucson Ministries Inc ($738k), El Shaddai Homes ($739k) and Main Street Housing Inc ($738k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.5% of the total. Compensation of current officers, directors and key employees was $93k (41% of expenses). Other salaries and wages came to $10k. At year end it held assets of $2.1m against liabilities of $413k, net assets of $1.7m. It reported 4 employees.