Betsy Ann Ross House of Hope

Analysis

Betsy Ann Ross House of Hope is a registered charity in United States, based in Augusta, ME. It received its IRS tax-exemption ruling in March 2015, 11 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 2024, Betsy Ann Ross House of Hope reported income of $90k and spending of $72k, leaving 21% of income unspent that year. Across the 3 years on record, from June 2020 to June 2024, income fell from $244k to $90k (-63%), an average of -39% a year. The sharpest change came in the year to June 2023, when income dropped by 78%. Over the whole period it spent 76% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Betsy Ann Ross House of Hope sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 27th percentile within ME. Charities of a similar size with the same main cause include Ahdi Jewel City 1 ($90k), Woodside Village Inc ($90k) and Windham Housing Development Fund Company Inc ($90k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 6.1% of the total. At year end it held assets of $297k against liabilities of $2,136, net assets of $294k.