Inwood House Development Corporation

Analysis

Inwood House Development Corporation is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in June 1983, 43 years ago. 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 September 2023, Inwood House Development Corporation reported income of $3.2m and spending of $2.3m, leaving 29% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.0m to $3.2m (+5.6%), an average of +1.4% a year. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Inwood House Development Corporation sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Amor Ministries Inc ($3.2m), The Phoenix Family Housing Corporation ($3.2m) and Emerald South Economic Development Collaborative ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 73% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $99k (4.4% of expenses). Other salaries and wages came to $710k. At year end it held assets of $8.8m against liabilities of $185k, net assets of $8.6m. It reported 26 employees.