Columbia Downtown Housing Corporation

Analysis

Columbia Downtown Housing Corporation is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Columbia Downtown Housing Corporation reported income of $403k and spending of $143k, leaving 64% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $403k (+80%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 248%. Over the whole period it spent 39% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Columbia Downtown Housing Corporation sits at the 53rd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within MD. Charities of a similar size with the same main cause include Lake Como Community of Hope Inc ($402k), Roosevelt Senior Citizens Housing Corporation ($403k) and Ucc IX Inc ($402k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 16% and program service revenue 3.3% of the total. At year end it held assets of $9.0m against liabilities of $3,300, net assets of $9.0m.