Dogwood Housing Inc

Analysis

Dogwood Housing Inc is a registered charity in United States, based in N Bethesda, MD. It received its IRS tax-exemption ruling in October 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 December 2021, Dogwood Housing Inc reported income of $22.2m and spending of $19.9m, spending 89% of its income. Across the 4 years on record, from December 2018 to December 2021, income grew from $9.0m to $22.2m (+148%), an average of +35% a year. The sharpest change came in the year to December 2019, when income rose by 71%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Dogwood Housing Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MD. Charities of a similar size with the same main cause include Homestead Community Land Trust ($22.1m), LTSC Community Development Corporation ($22.3m) and Ashfield Active Living and Wellness Communities Inc ($22.1m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 65% and program service revenue 18% of the total. Other salaries and wages came to $904k. At year end it held assets of $86.7m against liabilities of $87.2m, net assets of -$553k.