Maine Supportive Housing Inc

Analysis

Maine Supportive Housing Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in July 2005, 21 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 June 2024, Maine Supportive Housing Inc reported income of $157k and spending of $216k, spending 138% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $162k to $157k (-3.3%), an average of -0.8% a year. The sharpest change came in the year to June 2023, when income rose by 52%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maine Supportive Housing Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within MN. Charities of a similar size with the same main cause include Humanity Housing Inc ($157k), Our Lady of Mercy Apartment Inc ($157k) and Wake County Opportunities Housing Corporation ($157k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 49% and program service revenue 51% of the total. Other salaries and wages came to $28k. At year end it held assets of $1.9m against liabilities of $139k, net assets of $1.7m.