Esther Residence

Analysis

Esther Residence is a registered charity in United States, based in Saco, ME. It received its IRS tax-exemption ruling in March 1946, 80 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 December 2023, Esther Residence reported income of $326k and spending of $343k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $127k to $326k (+157%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 108%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Esther Residence sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 58th percentile within ME. Charities of a similar size with the same main cause include Home Development Inc ($326k), Habitat for Humanity International Inc ($326k) and Casa of the Ninth ($326k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 8.7% of the total. Other salaries and wages came to $32k. At year end it held assets of $2.6m against liabilities of $100k, net assets of $2.5m. It reported 2 employees.