Damascus House Community Development Corporation

Analysis

Damascus House Community Development Corporation is a registered charity in United States, based in Uppr Marlboro, MD. It received its IRS tax-exemption ruling in September 2018, 8 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 December 2023, Damascus House Community Development Corporation reported income of $616k and spending of $546k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $226k to $616k (+172%), an average of +172% a year. The sharpest change came in the year to December 2023, when income rose by 172%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Damascus House Community Development Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within MD. Charities of a similar size with the same main cause include Dona Petra Santiago Apartments Housing Development Fund Corp ($616k), South Seventh Corporation ($617k) and Hui Kauhale Inc ($616k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 8.3% of the total. Other salaries and wages came to $240k. At year end it held assets of $43k against liabilities of $78k, net assets of -$35k. It reported 8 employees.