Montgomery Housing Partnership Inc

Analysis

Montgomery Housing Partnership Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 1989, 37 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending December 2023, Montgomery Housing Partnership Inc reported income of $2.0m and spending of $2.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $2.0m (+14%), an average of +3.2% a year. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Montgomery Housing Partnership Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within MD. Charities of a similar size with the same main cause include Barbour County Senior Center Inc ($2.0m), Emblemhealth Inc ($2.0m) and Neighborhood Boys & Girls Club ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $205k. At year end it held assets of $11.2m against liabilities of $10.6m, net assets of $629k.