Cloville Homes Inc

Analysis

Cloville Homes Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in March 2001, 25 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, Cloville Homes Inc reported income of $212k and spending of $196k, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $208k to $212k (+2.0%), an average of +0.6% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cloville Homes Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MD. Charities of a similar size with the same main cause include Brothers Keeper Inc ($212k), Lutheran Gardens Apartments Inc ($212k) and Piggott Housing Development Corporation ($212k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. At year end it held assets of $212k against liabilities of $510k, net assets of -$298k.