Montgomery Housing Inc

Analysis

Montgomery Housing Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in May 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, Montgomery Housing Inc reported income of $80k and spending of $127k, spending 158% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $59k to $80k (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 23%. Over the whole period it spent 160% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Montgomery Housing 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 HHP Capital Inc ($80k), Lyons Falls Housing Development Fund Company Inc ($80k) and St Charles Manor Inc ($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 $430k against liabilities of $1.0m, net assets of -$603k.

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.