Upper Shore Aging Housing Corp Inc

Analysis

Upper Shore Aging Housing Corp Inc is a registered charity in United States, based in Chestertown, MD. It received its IRS tax-exemption ruling in December 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3).

In the financial year ending September 2023, Upper Shore Aging Housing Corp Inc reported income of $3.3m and spending of $1.9m, leaving 44% of income unspent that year. Across the 4 years on record, from September 2019 to September 2023, income grew from $825k to $3.3m (+298%), an average of +58% a year. The sharpest change came in the year to September 2023, when income rose by 92%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Upper Shore Aging Housing Corp 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 90th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Neighborhood Housing Services of Greater Berks Inc ($3.3m), Housing Assistance Program of Essex County ($3.3m) and Sunrise of Pasco County Inc ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Other salaries and wages came to $351k. At year end it held assets of $10.0m against liabilities of $7.4m, net assets of $2.6m.