Arundel Community Development Services Inc

Analysis

Arundel Community Development Services Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in April 1994, 32 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 June 2023, Arundel Community Development Services Inc reported income of $40.7m and spending of $40.0m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $12.4m to $40.7m (+228%), an average of +35% a year. The sharpest change came in the year to June 2021, when income rose by 116%. 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, Arundel Community Development Services Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Urban Pathways Inc ($40.6m), Father Bills & Mainspring Inc ($41.0m) and Eihab Human Services New Jersey Inc ($40.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $425k (1.1% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $39.7m against liabilities of $33.5m, net assets of $6.2m. It reported 50 employees.