Prime Community Housing and Development

Analysis

Prime Community Housing and Development is a registered charity in United States, based in Queenstown, MD. It received its IRS tax-exemption ruling in August 1990, 36 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Prime Community Housing and Development reported income of $233k and spending of $392k, spending 168% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $302k to $233k (-23%), an average of -8.3% a year. The sharpest change came in the year to December 2023, when income rose by 624%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Prime Community Housing and Development sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MD. Charities of a similar size with the same main cause include Lexington Lions Club Endowment Inc ($233k), Workers Dignity Project ($233k) and Urban Solutions Training and Development Corporation ($233k).

Compensation of current officers, directors and key employees was $25k (6.4% of expenses). At year end it held assets of $1.1m against liabilities of $750k, net assets of $319k.