Charlestown Community Inc

Analysis

Charlestown Community Inc is a registered charity in United States, based in Catonsville, MD. It received its IRS tax-exemption ruling in January 1984, 42 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Charlestown Community Inc reported income of $107.3m and spending of $116.2m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $92.6m to $107.3m (+16%), an average of +3.8% a year. Over the whole period it spent 113% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Charlestown Community Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MD. Charities of a similar size with the same main cause include Takoma Regional Hospital Inc ($107.3m), Davis Memorial Hospital ($107.5m) and Nordx ($107.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.1% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $589k (0.5% of expenses). Other salaries and wages came to $39.9m. At year end it held assets of $317.4m against liabilities of $556.0m, net assets of -$238.6m. It reported 1,331 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.