Boothbay Regional Development Corporation

Analysis

Boothbay Regional Development Corporation is a registered charity in United States, based in Portland, ME. It received its IRS tax-exemption ruling in February 2023, 3 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, Boothbay Regional Development Corporation reported income of $1.7m and spending of $1,672, leaving 100% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $100k to $1.7m (+1607%), an average of +1607% a year. The sharpest change came in the year to December 2023, when income rose by 1607%. Over the whole period it spent 0.5% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Boothbay Regional Development Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 83rd percentile within ME. Charities of a similar size with the same main cause include L & C Home Health Agency Inc ($1.7m), Clay County Habitat for Humanity Inc ($1.7m) and Autumn House Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.8m against liabilities of $0, net assets of $1.8m.