Raise-op Housing Cooperative is a 501(c)(3) organization based in Lewiston, Maine, registered in 2019, with $316,653 in FY2024 revenue. CharityIndex grades it C+.
Revenue (FY2024)
$317K
▼ 66.4% vs prior year
Housing median: $408K
Expenses (FY2024)
$379K
Net assets
$2.4M
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Raise-op Housing Cooperative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Raise-op Housing Cooperative: 75 mo reserves · -20% margin earns a C+ on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Raise-op Housing Cooperative— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Raise-op Housing Cooperative: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $205K (FY2019) to $317K (FY2024) across 6 reported years.
Financial snapshot
Operating margin
-19.6%
Spent more than it raised in the latest fiscal year.
Total assets
$2.7M
Total liabilities
$328K
Net assets
$2.4M
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $316,653▼66.4% | $378,628▲23.6% | $2,356,604▼2.6% | $2,684,580▼2.6% | 990 |
| 2023 | $941,299▼2.3% | $306,260▲4.9% | $2,418,579▲35.6% | $2,757,637▲32.8% | 990 |
| 2022 | $963,863▲142% | $291,906▲48.5% | $1,783,540▲60.4% | $2,075,829▲47.8% | 990 |
| 2021 | $399,021▼20.6% | $196,557▼5.2% | $1,111,822▲22.3% | $1,404,454▲18.1% | 990 |
| 2020 | $502,617▲145% | $207,397▼1.2% | $909,358▲61.5% | $1,188,970▲35.2% | 990 |
| 2019 | $205,066 | $209,956 | $562,922 | $879,355 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
9 grants to Raise-op Housing Cooperative totaling $1.1M, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Impactassets Inc | General support | 2023 | $20,000 |
| Ayco Charitable Foundation | Community & human services | 2022 | $600,000 |
| Impactassets Inc | General support | 2022 | $83,000 |
| Mightycause Charitable Foundation | Unrestricted | 2022 | $5,002 |
| Ayco Charitable Foundation | Community & human services | 2021 | $150,000 |
| Ayco Charitable Foundation | Community & human services | 2020 | $200,000 |
| Mightycause Charitable Foundation | Unrestricted | 2020 | $8,131 |
| Impactassets Inc | General support | 2020 | $8,000 |
| Maine Community Foundation Inc | Covid-19 related assistance | 2020 | $5,000 |
Explore more
Data for Raise-op Housing Cooperative (EIN 47-1739509) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.