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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Montgomery Housing Partnership Inc reported income of $3.9m and spending of $3.8m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $3.9m (+9.5%), an average of +2.3% a year. Over the whole period it spent 104% 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 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within MD. Charities of a similar size with the same main cause include Merry Go Round Inc ($3.9m), Pacific Manor Inc ($3.9m) and Faces Ny Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $535k. At year end it held assets of $24.2m against liabilities of $22.5m, net assets of $1.7m.