B B Homes Inc

Analysis

B B Homes Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in May 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, B B Homes Inc reported income of $58k and spending of $75k, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $47k to $58k (+24%), an average of +5.5% a year. Over the whole period it spent 146% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, B B Homes Inc sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within MD. Charities of a similar size with the same main cause include Affordable Homeless Housing Alternatives Inc ($58k), Ohana Homes Inc ($59k) and Redirection-Nc ($58k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $4,494. At year end it held assets of $934k against liabilities of $1.2m, net assets of -$245k.

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.