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. 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, Montgomery Housing Partnership Inc reported income of $280k and spending of $348k, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $241k to $280k (+16%), an average of +3.7% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Montgomery Housing Partnership Inc sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include NW Homestart Inc ($280k), Occupy Madison Inc ($280k) and Community Freindship Housing Services II Inc ($280k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $6,053. At year end it held assets of $3.1m against liabilities of $3.3m, net assets of -$287k.

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.