Guide Nashville Homes Inc

Analysis

Guide Nashville Homes Inc is a registered charity in United States, based in Gaithersburg, MD. It received its IRS tax-exemption ruling in March 2007, 19 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, Guide Nashville Homes Inc reported income of $106k and spending of $117k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $97k to $106k (+9.3%), an average of +2.2% a year. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Guide Nashville 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 38th percentile, and in the 40th percentile within MD. Charities of a similar size with the same main cause include Bridgeview Housing Corporation ($106k), LSS Housing Prairieview Inc ($106k) and Homes Now Inc ($106k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 73% and program service revenue 26% of the total. At year end it held assets of $1.0m against liabilities of $1.3m, net assets of -$249k.

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.