Bath Housing Development Corporation

Analysis

Bath Housing Development Corporation is a registered charity in United States, based in Bath, ME. It received its IRS tax-exemption ruling in April 1994, 32 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, Bath Housing Development Corporation reported income of $3.2m and spending of $2.9m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $3.2m (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 205%. Over the whole period it spent 64% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bath Housing Development Corporation sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within ME. Charities of a similar size with the same main cause include Orrvilla Inc ($3.2m), San Jose Grail Family Services ($3.2m) and Housing Opportunities Corporation ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 65% of the total. Other salaries and wages came to $362k. At year end it held assets of $13.1m against liabilities of $4.4m, net assets of $8.7m.