The Montgomery County Coalition for the Homeless Inc

Analysis

The Montgomery County Coalition for the Homeless Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in January 1994, 32 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, The Montgomery County Coalition for the Homeless Inc reported income of $18.7m and spending of $18.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.0m to $18.7m (+34%), an average of +7.5% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Montgomery County Coalition for the Homeless Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Lake Cumberland Community Action Agency Inc ($18.7m), Comprehensive Systems Inc ($18.7m) and Arc Broward Inc ($18.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.3% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $324k (1.8% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $5.3m against liabilities of $2.1m, net assets of $3.2m. It reported 223 employees.