Kittery Housing Corporation

Analysis

Kittery Housing Corporation is a registered charity in United States, based in Westbrook, ME. It received its IRS tax-exemption ruling in June 1998, 28 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, Kittery Housing Corporation reported income of $87k and spending of $96k, spending 111% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $65k to $87k (+33%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kittery Housing Corporation sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 26th percentile within ME. Charities of a similar size with the same main cause include Burlington Community Housing Inc ($87k), Sugarloaf Village ($87k) and Highland Pointe Inc ($87k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 32% of the total. At year end it held assets of $419k against liabilities of $84k, net assets of $335k.