Coldstream-Homestead-Montebello Community Corporation

Analysis

Coldstream-Homestead-Montebello Community Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2021, 5 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 June 2024, Coldstream-Homestead-Montebello Community Corporation reported income of $202k and spending of $199k, spending 99% of its income. Across the 6 years on record, from June 2018 to June 2024, income grew from $143k to $202k (+41%), an average of +7.1% a year. The sharpest change came in the year to June 2023, when income rose by 107%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Coldstream-Homestead-Montebello Community Corporation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Fine Arts Society of Sarasota Inc ($202k), Central Square Library ($202k) and Will Rodgers Liver Health Organization ($202k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $67k (34% of expenses). Other salaries and wages came to $30k. At year end it held assets of $83k against liabilities of $83k, net assets of $0. It reported 1 employees.