Byron House Inc

Analysis

Byron House Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in March 1946, 80 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, Byron House Inc reported income of $2.5m and spending of $2.6m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $2.5m (+21%), an average of +4.9% a year. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Byron House Inc sits at the 87th percentile: it is larger than about 87% 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 Juniata Valley Tri-County Drug & Alcohol Abuse Commission ($2.5m), Young Mens Christian Association Inc-Randolp-Asheboro ($2.5m) and The Oliver Scholars Program Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.8% and program service revenue 99% of the total. At year end it held assets of $3.3m against liabilities of $1.8m, net assets of $1.5m.

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.