State Street Housing Preservation Corporation

Analysis

State Street Housing Preservation Corporation is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in December 1991, 35 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 (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, State Street Housing Preservation Corporation reported income of $3.5m and spending of $7.4m, spending 208% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.5m to $3.5m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2022, when income rose by 103%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, State Street Housing Preservation Corporation 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 90th percentile, and in the 89th percentile within ME. Charities of a similar size with the same main cause include Wesley Woods Senior Living Inc ($3.5m), Residences at Wood Street ($3.5m) and Muncie Mission Ministries Incorporated ($3.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $176k. At year end it held assets of $22.1m against liabilities of $20.0m, net assets of $2.0m.