GHF Residential Services

Analysis

GHF Residential Services is a registered charity in United States, based in Belfast, ME. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2024, GHF Residential Services reported income of $55k and spending of $73k, spending 133% of what it took in. Across the 3 years on record, from June 2019 to June 2024, income grew from $45k to $55k (+22%), an average of +10% a year. The sharpest change came in the year to June 2024, when income rose by 22%. Over the whole period it spent 138% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, GHF Residential Services sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 14th percentile within ME. Charities of a similar size with the same main cause include I Am Beacon Inc ($55k), Ridgewood Newcomers Club Inc ($55k) and Charleston County Masonic Assn Inc ($55k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $521k against liabilities of $14k, net assets of $507k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.