Coalition Homes Incorporated

Analysis

Coalition Homes Incorporated is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Coalition Homes Incorporated reported income of $1.6m and spending of $2.4m, spending 155% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income grew from $1.3m to $1.6m (+18%), an average of +5.5% a year. Over the whole period it spent 149% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Coalition Homes Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Center for Changing Lives ($1.6m), SV Home ($1.6m) and Crossway Community Inc ($1.6m).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 1.6% and program service revenue 72% of the total. Other salaries and wages came to $460k. At year end it held assets of $16.9m against liabilities of $22.9m, net assets of -$6.0m.

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.