Glenmore Hosuing Inc

Analysis

Glenmore Hosuing Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in June 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, Glenmore Hosuing Inc reported income of $72k and spending of $79k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $47k to $72k (+52%), an average of +11% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Glenmore Hosuing Inc sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 30th percentile within MD. Charities of a similar size with the same main cause include Community Apartments Corporation of Wilson County 3 ($72k), Acres Homes Garden Inc ($72k) and Minot Area Community Land Trust ($72k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $9,449. At year end it held assets of $226k against liabilities of $62k, net assets of $164k.