Overlea Homes Inc

Analysis

Overlea Homes Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in May 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, Overlea Homes Inc reported income of $102k and spending of $205k, spending 200% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $108k to $102k (-5.5%), an average of -5.5% a year. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Overlea Homes Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 39th percentile within MD. Charities of a similar size with the same main cause include Whispering Hope Inc ($102k), Villa Pacis Inc ($102k) and Spirit of Vincennes Inc ($102k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $328k against liabilities of $525k, net assets of -$196k.