Habitat for Humanity of Greater Portland Inc

Analysis

Habitat for Humanity of Greater Portland Inc is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in February 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 June 2023, Habitat for Humanity of Greater Portland Inc reported income of $1.8m and spending of $2.0m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.6m to $1.8m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Habitat for Humanity of Greater Portland Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within ME. Charities of a similar size with the same main cause include Maplight ($1.8m), Iron Workers-395-Trust Joint Apprenticeship Training Committee ($1.8m) and Gap Inc ($1.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $129k (6.6% of expenses). Other salaries and wages came to $644k. At year end it held assets of $5.0m against liabilities of $2.0m, net assets of $3.0m. It reported 26 employees.