Charm City Land Trusts Inc

Analysis

Charm City Land Trusts Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 2002, 24 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 December 2023, Charm City Land Trusts Inc reported income of $171k and spending of $138k, spending 81% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $331k to $171k (-48%), an average of -28% a year. The sharpest change came in the year to December 2023, when income rose by 134%. Over the whole period it spent 71% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Charm City Land Trusts Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MD. Charities of a similar size with the same main cause include Bethany Villa Housing Association Inc ($171k), Pals N Pets Inc ($171k) and Homeward Bound Program ($171k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 165% of the total. Compensation of current officers, directors and key employees was $79k (57% of expenses). At year end it held assets of $507k against liabilities of $99k, net assets of $409k. It reported 1 employees.