Houlton Housing for the Elderly

Analysis

Houlton Housing for the Elderly is a registered charity in United States, based in Houlton, ME. It received its IRS tax-exemption ruling in July 1976, 50 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Houlton Housing for the Elderly reported income of $250k and spending of $222k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $231k to $250k (+8.5%), an average of +2.0% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Houlton Housing for the Elderly sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 52nd percentile within ME. Charities of a similar size with the same main cause include Memphis Housing Strategies ($250k), Deborahs Legacy Inc ($250k) and Steamboat Trails Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $20k. At year end it held assets of $274k against liabilities of $109k, net assets of $165k.