Castleton Homes Inc

Analysis

Castleton Homes Inc is a registered charity in United States, based in Lanham, MD. It received its IRS tax-exemption ruling in April 1999, 27 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, Castleton Homes Inc reported income of $80k and spending of $110k, spending 137% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $72k to $80k (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 145% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Castleton Homes Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 33rd percentile within MD. Charities of a similar size with the same main cause include D&b Affordable Housing Inc ($80k), Washington Court Inc ($80k) and Foster Arizona Housing Project ($80k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. At year end it held assets of $540k against liabilities of $1.0m, net assets of -$503k.

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.