High Street Homes Inc

Analysis

High Street Homes Inc is a registered charity in United States, based in Elkton, MD. It received its IRS tax-exemption ruling in March 2008, 18 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, High Street Homes Inc reported income of $89k and spending of $122k, spending 138% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $90k to $89k (-1.3%), an average of -0.3% a year. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, High Street Homes Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Dow Rummel Foundation ($88k), Fuller Center for Housing Inc ($89k) and Sherrys Place Inc ($88k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 49% and program service revenue 51% of the total. At year end it held assets of $1.2m against liabilities of $1.5m, net assets of -$282k.

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.