Maine Association of Recovery Residences

Analysis

Maine Association of Recovery Residences is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in May 2022, 4 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 December 2023, Maine Association of Recovery Residences reported income of $658k and spending of $648k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $369k to $658k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maine Association of Recovery Residences sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within ME. Charities of a similar size with the same main cause include Adelante Inc ($658k), Dechantal Apartments ($658k) and Vista Chino Senior Housing Inc ($658k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $66k (10% of expenses). Other salaries and wages came to $103k. At year end it held assets of $88k against liabilities of $275, net assets of $87k. It reported 5 employees.