St Matthew Housing Development Inc

Analysis

St Matthew Housing Development Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in May 1996, 30 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 2023, St Matthew Housing Development Inc reported income of $277k and spending of $299k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $295k to $277k (-6.0%), an average of -1.5% a year. The sharpest change came in the year to December 2020, when income rose by 41%. 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, St Matthew Housing Development Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MD. Charities of a similar size with the same main cause include MBCDC the Jefferson Corporation ($277k), Sunflower Manor Inc ($277k) and Westown Jubilee Housing ($277k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.4% and program service revenue 100% of the total. Other salaries and wages came to $51k. At year end it held assets of $907k against liabilities of $1.1m, net assets of -$234k.

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.