Homes for McConnellsburg Inc

Analysis

Homes for McConnellsburg Inc is a registered charity in United States, based in Annapolis, MD. It received its IRS tax-exemption ruling in November 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Homes for McConnellsburg Inc reported income of $186k and spending of $229k, spending 123% of what it took in. Across the 4 years on record, from March 2020 to March 2023, income grew from $162k to $186k (+15%), an average of +4.9% a year. The sharpest change came in the year to March 2022, when income rose by 49%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Homes for McConnellsburg Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within MD. Charities of a similar size with the same main cause include Glenn-Verde Housing Inc ($186k), Casa Vida Corp ($187k) and Bethel Gardens Inc ($186k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 5.4% and program service revenue 95% of the total. At year end it held assets of $977k against liabilities of $1.6m, net assets of -$597k.