Centennial Housing Inc

Analysis

Centennial Housing Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in July 2014, 12 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 2023, Centennial Housing Inc reported income of $69k and spending of $109k, spending 157% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $69k to $69k (+0.8%), an average of +0.2% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 153% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Centennial Housing Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 29th percentile within MD. Charities of a similar size with the same main cause include Mirci Group Homes Inc ($69k), Options for Ascension Inc ($69k) and Mt View Estates Inc ($69k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. At year end it held assets of $1.2m against liabilities of $1.5m, net assets of -$292k.

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.