Plymouth Homes Inc

Analysis

Plymouth Homes Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Plymouth Homes Inc reported income of $146k and spending of $156k, spending 107% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $136k to $146k (+7.0%), an average of +1.7% a year. Over the whole period it spent 116% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Plymouth Homes Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within MD. Charities of a similar size with the same main cause include A Second Wish by Demetrius Inc ($146k), Sociedad Pro Ninos Sordos de Puerto Rico Inc ($146k) and Katara Hull Ministries ($146k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 6.0% of the total. At year end it held assets of $637k against liabilities of $297k, net assets of $340k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.