Cranbrook Homes Inc

Analysis

Cranbrook Homes Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in June 1998, 28 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, Cranbrook Homes Inc reported income of $66k and spending of $96k, spending 145% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $69k to $66k (-3.2%), an average of -3.2% a year. Over the whole period it spent 137% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Cranbrook Homes Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within MD. Charities of a similar size with the same main cause include Community Hope Builders CDC Inc ($66k), LA Verne K-9 & Police Foundation ($66k) and Accessible Housing Inc ($66k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $164k against liabilities of $91k, net assets of $73k.