Linden Ponds Inc

Analysis

Linden Ponds Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in March 2005, 21 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 December 2023, Linden Ponds Inc reported income of $79.1m and spending of $81.8m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $64.7m to $79.1m (+22%), an average of +5.1% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Linden Ponds Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Elwyn California ($78.9m), Aspire of Western New York Inc ($84.6m) and Bridge Housing Corporation ($78.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.7% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $578k (0.7% of expenses). Other salaries and wages came to $26.9m. At year end it held assets of $415.4m against liabilities of $533.1m, net assets of -$117.7m. It reported 1,004 employees.

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.