Neighborhood Housing Services of Baltimore Inc

Analysis

Neighborhood Housing Services of Baltimore Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 1974, 52 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 August 2023, Neighborhood Housing Services of Baltimore Inc reported income of $6.0m and spending of $5.5m, spending 91% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $4.7m to $6.0m (+28%), an average of +6.4% a year. The sharpest change came in the year to August 2020, when income rose by 101%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Neighborhood Housing Services of Baltimore Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MD. Charities of a similar size with the same main cause include Workforce Innovations ($6.0m), Center on Rural Innovation Inc ($6.0m) and Oregon Manufacturing Extension Partnership Inc ($6.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 90% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $331k (6.0% of expenses). Other salaries and wages came to $2.4m. At year end it held assets of $37.7m against liabilities of $12.1m, net assets of $25.6m. It reported 44 employees.