New Marblehead North Housing Corporation

Analysis

New Marblehead North Housing Corporation is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in October 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 2023, New Marblehead North Housing Corporation reported income of $256k and spending of $273k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $256k (+8.6%), an average of +2.1% a year. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, New Marblehead North Housing Corporation sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 53rd percentile within ME. Charities of a similar size with the same main cause include Volunteers of America Inc ($256k), Rotary District 6970 York Foundation Inc ($256k) and Luisa Diaz Foundation Inc ($256k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 38% of the total. At year end it held assets of $1.1m against liabilities of $1.1m, net assets of $7,441.