Garwyn Oaks Northwest Housing Resource Center Inc

Analysis

Garwyn Oaks Northwest Housing Resource Center Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 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 July 2023, Garwyn Oaks Northwest Housing Resource Center Inc reported income of $525k and spending of $390k, leaving 26% of income unspent that year. Across the 5 years on record, from July 2019 to July 2023, income grew from $232k to $525k (+126%), an average of +23% a year. The sharpest change came in the year to July 2020, when income rose by 79%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Garwyn Oaks Northwest Housing Resource Center Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within MD. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($525k), Vincent Depaul Foundation Inc ($525k) and Redwood Cove Senior Apartments ($525k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 96% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $76k (20% of expenses). Other salaries and wages came to $168k. At year end it held assets of $318k against liabilities of $18k, net assets of $300k. It reported 4 employees.