Govans Ecumenical Development Corporation

Analysis

Govans Ecumenical Development Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in November 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 March 2023, Govans Ecumenical Development Corporation reported income of $2.6m and spending of $1.8m, leaving 29% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.4m to $2.6m (+84%), an average of +16% a year. The sharpest change came in the year to March 2021, when income rose by 77%. Over the whole period it spent 83% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Govans Ecumenical Development Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 87th percentile within MD. Charities of a similar size with the same main cause include North Fork Housing Alliance Inc ($2.6m), Southside Community Development and Housing Corporation ($2.6m) and Pahc Properties Corporation ($2.6m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 92% and program service revenue 4.9% of the total. Compensation of current officers, directors and key employees was $155k (8.4% of expenses). Other salaries and wages came to $422k. At year end it held assets of $3.3m against liabilities of $1.0m, net assets of $2.3m. It reported 24 employees.