De Paul House Inc

Analysis

De Paul House Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in January 1968, 58 years ago. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, De Paul House Inc reported income of $2.5m and spending of $3.3m, spending 131% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.5m to $2.5m (+69%), an average of +14% a year. The sharpest change came in the year to June 2022, when income rose by 48%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, De Paul House Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include Rowan-Cabarrus Community College Foundation Inc ($2.5m), Wasco Inc ($2.5m) and Boys and Girls Clubs of Chattanooga ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 33% of the total. Other salaries and wages came to $528k. At year end it held assets of $14.5m against liabilities of $12.2m, net assets of $2.3m.