Habitat for Humanity of the Chesapeake Inc

Analysis

Habitat for Humanity of the Chesapeake Inc is a registered charity in United States, based in Halethorpe, MD. It received its IRS tax-exemption ruling in June 1982, 44 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), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Habitat for Humanity of the Chesapeake Inc reported income of $11.3m and spending of $12.1m, spending 107% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $10.8m to $11.3m (+5.1%), an average of +1.0% a year. The sharpest change came in the year to June 2020, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Habitat for Humanity of the Chesapeake Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MD. Charities of a similar size with the same main cause include Moorings Park Institute Incorporated ($11.3m), PHM Inver Grove Inc ($11.3m) and Green Energy Consumers Alliance Inc ($11.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 39% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $377k (3.1% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $23.7m against liabilities of $9.8m, net assets of $13.9m. It reported 102 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.