Redwood Housing Inc

Analysis

Redwood Housing Inc is a registered charity in United States, based in N Bethesda, MD. It received its IRS tax-exemption ruling in July 1995, 31 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 2021, Redwood Housing Inc reported income of $9.7m and spending of $9.9m, spending 102% of its income. Across the 4 years on record, from December 2018 to December 2021, income grew from $2.1m to $9.7m (+357%), an average of +66% a year. The sharpest change came in the year to December 2019, when income rose by 376%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Redwood Housing Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within MD. Charities of a similar size with the same main cause include United States Catholic Conference ($9.7m), Corporate Fund for Housing ($9.8m) and BST Senior Living East Inc ($9.7m).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 15% and program service revenue 85% of the total. Other salaries and wages came to $157k. At year end it held assets of $20.8m against liabilities of $25.7m, net assets of -$4.9m.