Backbone Housing Inc

Analysis

Backbone Housing Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in August 1991, 35 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 June 2023, Backbone Housing Inc reported income of $319k and spending of $323k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $270k to $319k (+18%), an average of +4.3% a year. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Backbone Housing Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include Bay Aging Apartments Middlesex Inc ($319k), Metzger Park Apartments Inc ($319k) and Nba Disciples Housing of Boise Nba Dogwood Plaza ($319k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 28% of the total. Other salaries and wages came to $85k. At year end it held assets of $497k against liabilities of $1.2m, net assets of -$673k.

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.