Housing Unlimited Inc

Analysis

Housing Unlimited Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in February 1992, 34 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 September 2023, Housing Unlimited Inc reported income of $3.2m and spending of $2.9m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.4m to $3.2m (+34%), an average of +7.7% a year. The sharpest change came in the year to September 2020, when income rose by 19%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Unlimited Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Bishops Commons Inc ($3.2m), Breckinridge Services Inc ($3.2m) and Housing Development Center Inc ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 43% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $139k (4.8% of expenses). Other salaries and wages came to $802k. It paid $73k in professional fundraising fees. At year end it held assets of $16.8m against liabilities of $6.3m, net assets of $10.5m. It reported 30 employees.