Baltimore Affordable Housing Development Inc

Analysis

Baltimore Affordable Housing Development Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 2015, 11 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, Baltimore Affordable Housing Development Inc reported income of $43.2m and spending of $28.1m, leaving 35% of income unspent that year. Across the 5 years on record, from June 2019 to December 2023, income grew from $39.2m to $43.2m (+10%), an average of +2.4% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 30% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Baltimore Affordable Housing Development Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Heritage Housing Partners ($43.2m), Oakland Affordable Housing Preservation Initiatives ($43.4m) and Knox Area Rescue Ministries ($42.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 145% and program service revenue 0.7% of the total. At year end it held assets of $307.3m against liabilities of $5.0m, net assets of $302.3m.