Montgomery Housing Partnership Inc

Analysis

Montgomery Housing Partnership Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in September 1989, 37 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 December 2022, Montgomery Housing Partnership Inc reported income of $28.4m and spending of $23.2m, spending 82% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $9.8m to $28.4m (+189%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 58%. 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, Montgomery Housing Partnership Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Turning Point Inc ($28.2m), The Housing Partnership Network Inc ($28.4m) and Nevada Affordable Housing Assistance Corporation ($28.1m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 27% and program service revenue 48% of the total. Compensation of current officers, directors and key employees was $1.0m (4.3% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $166.5m against liabilities of $134.8m, net assets of $31.7m. It reported 91 employees.