Housing Foundation Phase 1 & 2

Analysis

Housing Foundation Phase 1 & 2 is a registered charity in United States, based in Orono, ME. It received its IRS tax-exemption ruling in November 1969, 57 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 Phase 1 & 2 reported income of $2.1m and spending of $1.7m, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $2.1m (+13%), an average of +3.0% a year. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing Foundation Phase 1 & 2 sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within ME. Charities of a similar size with the same main cause include Massachusetts Association of Health Boards Inc ($2.1m), Taxpayers for Common Sense ($2.1m) and Police Athletic League of St ($2.1m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $167k. At year end it held assets of $5.6m against liabilities of $158k, net assets of $5.4m.