Eastport Non-Profit Housing Corp

Analysis

Eastport Non-Profit Housing Corp is a registered charity in United States, based in Eastport, ME. It received its IRS tax-exemption ruling in April 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Eastport Non-Profit Housing Corp reported income of $201k and spending of $205k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $237k to $201k (-15%), an average of -4.0% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Eastport Non-Profit Housing Corp sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 47th percentile within ME. Charities of a similar size with the same main cause include Triangle Radio Reading Service ($201k), Road Runners Club of America ($201k) and Joint Apprenticeship & Training Committee ($201k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 48% of the total. Other salaries and wages came to $10k. At year end it held assets of $1.8m against liabilities of $1.7m, net assets of $128k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.