Boothbay Region Housing Trust

Analysis

Boothbay Region Housing Trust is a registered charity in United States, based in W Boothbay Ha, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Boothbay Region Housing Trust reported income of $931k and spending of $42k, leaving 96% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $111k to $931k (+742%), an average of +742% a year. The sharpest change came in the year to June 2024, when income rose by 742%. Over the whole period it spent 47% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Boothbay Region Housing Trust sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 75th percentile within ME. Charities of a similar size with the same main cause include 445v Vip Housing Development Fund Corporation ($931k), Northtown Housing Finance Corporation ($931k) and Thea Bowman F S P a Housing Development Fund Company Inc ($930k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $2.4m against liabilities of $1.5m, net assets of $889k.