Greater New Hope Baptist Church Towers Inc

Analysis

Greater New Hope Baptist Church Towers Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in July 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Greater New Hope Baptist Church Towers Inc reported income of $1.6m and spending of $1.5m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.6m (+11%), an average of +2.6% a year. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greater New Hope Baptist Church Towers Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Riese-Saint Marys Corporation ($1.6m), LPS Charitable Foundation Inc ($1.6m) and Leadertreks Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Other salaries and wages came to $362k. At year end it held assets of $3.1m against liabilities of $2.8m, net assets of $324k.