Charm City Housing Associates Inc

Analysis

Charm City Housing Associates Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Charm City Housing Associates Inc reported income of $110k and spending of $149k, spending 136% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $103k to $110k (+6.6%), an average of +1.6% a year. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Charm City Housing Associates Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 40th percentile within MD. Charities of a similar size with the same main cause include Helping Hands Ministry ($110k), DSC Frontline Foundation Inc ($110k) and Friends of Peanut Proud Inc ($110k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $207k against liabilities of $138k, net assets of $69k.

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.