Chesapeake Housing Mission

Analysis

Chesapeake Housing Mission is a registered charity in United States, based in Salisbury, MD. It received its IRS tax-exemption ruling in July 2009, 17 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 December 2023, Chesapeake Housing Mission reported income of $394k and spending of $373k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $394k (+81%), an average of +16% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Chesapeake Housing Mission sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include Charlotte RHF Housing Inc ($394k), Lighthouse Living Centers Incorporated ($394k) and Community Compassion Yellville ($394k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.3% of the total. Compensation of current officers, directors and key employees was $39k (10% of expenses). At year end it held assets of $120k against liabilities of $3,482, net assets of $117k. It reported 2 employees.