Frederick United Methodist Housing Development Corporation

Analysis

Frederick United Methodist Housing Development Corporation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in December 1990, 36 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, Frederick United Methodist Housing Development Corporation reported income of $372k and spending of $393k, spending 105% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $354k to $372k (+5.2%), an average of +1.7% a year. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Frederick United Methodist Housing Development Corporation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Bretheren Services II Inc ($372k), Brainerd South Housing Group Inc ($373k) and Jamaica Outreach Program Inc ($372k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% and program service revenue 43% of the total. Other salaries and wages came to $70k. At year end it held assets of $1.3m against liabilities of $2.0m, net assets of -$661k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.