Florence House Housing Corporation

Analysis

Florence House Housing Corporation is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in September 2008, 18 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 December 2023, Florence House Housing Corporation reported income of $104k and spending of $156k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $103k to $104k (+1.2%), an average of +0.3% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 161% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Florence House Housing Corporation sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 32nd percentile within ME. Charities of a similar size with the same main cause include All the Kings Horses Childrens Ranch ($104k), Ouabache Village Inc ($104k) and Collier Housing Alternatives Inc ($104k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.8m against liabilities of $2.1m, net assets of -$243k.

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.