Monhegan Island Sustainable Community Association

Analysis

Monhegan Island Sustainable Community Association is a registered charity in United States, based in Monhegan, ME. It received its IRS tax-exemption ruling in June 2003, 23 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 September 2023, Monhegan Island Sustainable Community Association reported income of $210k and spending of $82k, leaving 61% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $178k to $210k (+18%), an average of +4.2% a year. Over the whole period it spent 45% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Monhegan Island Sustainable Community Association sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 48th percentile within ME. Charities of a similar size with the same main cause include Pemberton Place Housing Corporation ($209k), Prairie Home Inc ($210k) and Sapphire Homes Inc ($209k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 60% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $4,400 (5.4% of expenses). At year end it held assets of $1.9m against liabilities of $107k, net assets of $1.8m.