Homeless Services of Aroostook

Analysis

Homeless Services of Aroostook is a registered charity in United States, based in Presque Isle, ME. It received its IRS tax-exemption ruling in January 1985, 41 years ago. 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 2022, Homeless Services of Aroostook reported income of $764k and spending of $787k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $501k to $764k (+52%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Homeless Services of Aroostook sits at the 74th percentile: it is larger than about 74% 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 Pelican Center for Children and Families ($764k), Big Brothers & Big Sisters of the Big Bend Inc ($764k) and Grove Christian Service Camp ($763k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% and program service revenue 3.7% of the total. Other salaries and wages came to $481k. At year end it held assets of $434k against liabilities of $9,635, net assets of $424k. It reported 10 employees.