Consortium for Housing and Asset Management Inc

Analysis

Consortium for Housing and Asset Management Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 2004, 22 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 September 2023, Consortium for Housing and Asset Management Inc reported income of $712k and spending of $670k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $299k to $712k (+138%), an average of +24% a year. The sharpest change came in the year to September 2022, when income rose by 70%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Consortium for Housing and Asset Management Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MD. Charities of a similar size with the same main cause include Raleigh Area Land Trust ($712k), TG 104 Inc ($712k) and House of Hope ($711k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $134k (20% of expenses). Other salaries and wages came to $73k. It paid $550 in professional fundraising fees. At year end it held assets of $1.3m against liabilities of $1.0m, net assets of $240k. It reported 4 employees.