Presbyterian Home of Maryland Inc

Analysis

Presbyterian Home of Maryland Inc is a registered charity in United States, based in Forest Hill, MD. It received its IRS tax-exemption ruling in August 1937, 89 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Presbyterian Home of Maryland Inc reported income of $767k and spending of $1.7m, spending 216% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $767k (-63%), an average of -22% a year. The sharpest change came in the year to December 2023, when income dropped by 85%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Home of Maryland Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Community Agricultural and Nutritional Enterprises Inc ($766k), Friends of the Scituate Shelter Inc ($767k) and Family Promise of Greater Savannah Inc ($766k).

Compensation of current officers, directors and key employees was $415k (25% of expenses). Other salaries and wages came to $178k. At year end it held assets of $30.7m against liabilities of $9.2m, net assets of $21.4m. It reported 4 employees.