Hinze Homes Inc

Analysis

Hinze Homes Inc is a registered charity in United States, based in Frederick, MD. It received its IRS tax-exemption ruling in April 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hinze Homes Inc reported income of $61k and spending of $107k, spending 176% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $73k to $61k (-16%), an average of -5.7% a year. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hinze 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 West Hills Housing Corporation ($61k), On Our Own IV Inc ($61k) and Tigerton Area Housing Development Corporation ($61k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. At year end it held assets of $754k against liabilities of $1.1m, net assets of -$298k.

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.