Potomac Community Resources Inc

Analysis

Potomac Community Resources Inc is a registered charity in United States, based in Potomac, MD. It received its IRS tax-exemption ruling in February 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Potomac Community Resources Inc reported income of $1.0m and spending of $903k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.1m to $1.0m (-4.4%), an average of -1.1% a year. The sharpest change came in the year to June 2021, when income rose by 124%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Potomac Community Resources Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MD. Charities of a similar size with the same main cause include Center for Health Justice Inc ($1.0m), Lighthouse for the Homeless ($1.0m) and Wilson County Community Help Center Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 106% and program service revenue 7.4% of the total. Other salaries and wages came to $270k. At year end it held assets of $1.1m against liabilities of $95k, net assets of $966k. It reported 18 employees.