Harry and Jeanette Weinberg Terrace Inc

Analysis

Harry and Jeanette Weinberg Terrace Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 2012, 14 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Harry and Jeanette Weinberg Terrace Inc reported income of $739k and spending of $932k, spending 126% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $711k to $739k (+3.9%), an average of +1.3% a year. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Harry and Jeanette Weinberg Terrace Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MD. Charities of a similar size with the same main cause include Washington Heights Elderly Housing Corporation ($739k), Telacu Housing-National City Inc ($739k) and Nwfa Education & Research Foundation ($739k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $3.4m against liabilities of $118k, net assets of $3.3m.

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.