Bon Secours Housing Inc

Analysis

Bon Secours Housing Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 1946, 80 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 August 2023, Bon Secours Housing Inc reported income of $1.3m and spending of $1.5m, spending 112% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.4m to $1.3m (-7.7%), an average of -2.0% a year. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bon Secours Housing Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MD. Charities of a similar size with the same main cause include RHF Charitable Foundation ($1.3m), Immanuel Trinity Affordable Inc ($1.3m) and Walton Avenue Senior Housing Development Fund Company Inc ($1.3m).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $164k. At year end it held assets of $4.1m against liabilities of $4.0m, net assets of $90k.