Summer Street Housing Preservation Inc

Analysis

Summer Street Housing Preservation Inc is a registered charity in United States, based in Rockland, ME. It received its IRS tax-exemption ruling in September 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Summer Street Housing Preservation Inc reported income of $800k and spending of $780k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $749k to $800k (+6.8%), an average of +1.7% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Summer Street Housing Preservation Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within ME. Charities of a similar size with the same main cause include People Helping People Inc ($800k), Life Strategies Counseling ($800k) and Minnesota Coalition for the Homeless Inc ($800k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 34% of the total. Other salaries and wages came to $29k. At year end it held assets of $1.9m against liabilities of $2.1m, net assets of -$183k.