Housing Foundation

Analysis

Housing Foundation is a registered charity in United States, based in Orono, ME. It received its IRS tax-exemption ruling in September 1979, 47 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 September 2023, Housing Foundation reported income of $2.9m and spending of $2.6m, spending 91% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $2.4m to $2.9m (+21%), an average of +6.7% a year. The sharpest change came in the year to September 2021, when income rose by 18%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Foundation sits at the 88th percentile: it is larger than about 88% 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 Family Resource Associates Inc ($2.9m), The Albert Baker Fund ($2.9m) and Puerto Rican High School ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 7.8% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $93k (3.5% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $3.7m against liabilities of $385k, net assets of $3.3m. It reported 38 employees.