Silver Flower Homes Inc

Analysis

Silver Flower Homes Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in June 2012, 14 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 2022, Silver Flower Homes Inc reported income of $61k and spending of $168k, spending 274% of what it took in. Across the 4 years on record, from June 2019 to June 2022, income fell from $66k to $61k (-7.1%), an average of -2.4% a year. Over the whole period it spent 182% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Silver Flower Homes Inc sits at the 14th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 26th percentile within MD. Charities of a similar size with the same main cause include Bethel House Incorporated ($61k), Mount Olivet Housing Development Fund Company Inc ($61k) and Peoples Opportunity Fund ($61k).

On its Form 990 for the period ending June 2022, revenue came from contributions and grants 78% and program service revenue 22% of the total. At year end it held assets of $1.0m against liabilities of $1.4m, net assets of -$350k.

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.