Mt Washington Homes Inc

Analysis

Mt Washington Homes Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 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 June 2023, Mt Washington Homes Inc reported income of $183k and spending of $325k, spending 177% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $133k to $183k (+37%), an average of +8.3% a year. The sharpest change came in the year to June 2020, when income rose by 21%. Over the whole period it spent 147% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mt Washington Homes Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Warren-Hamilton Housing Development ($183k), Baja Vision Ministries ($183k) and Aaa Elderly Housing-Heritage Court of Crossett Inc ($183k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. At year end it held assets of $399k against liabilities of $1.1m, net assets of -$687k.

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.