Hughes Neighborhood Housing Inc

Analysis

Hughes Neighborhood Housing Inc is a registered charity in United States, based in Wheaton, MD. It received its IRS tax-exemption ruling in February 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Hughes Neighborhood Housing Inc reported income of $319k and spending of $394k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $285k to $319k (+12%), an average of +2.8% a year. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Hughes Neighborhood Housing Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MD. Charities of a similar size with the same main cause include North Penn School District Educational Foundation ($319k), Kcym Philanthropic Fund ($319k) and New England Teen Institute Inc ($319k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% and program service revenue 41% of the total. Other salaries and wages came to $41k. At year end it held assets of $2.9m against liabilities of $4.0m, net assets of -$1.2m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.