Maryland Inclusive Housing Corporation

Analysis

Maryland Inclusive Housing Corporation is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in June 2020, 6 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, Maryland Inclusive Housing Corporation reported income of $670k and spending of $627k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $45k to $670k (+1382%), an average of +146% a year. The sharpest change came in the year to June 2021, when income rose by 745%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Maryland Inclusive Housing Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 73rd percentile within MD. Charities of a similar size with the same main cause include New Foundations Development Inc ($670k), United Help-Selfhelp Sheltered Extension Inc ($670k) and Tabitha Alf Real Estate Holding Inc ($670k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $79k (13% of expenses). Other salaries and wages came to $368k. At year end it held assets of $226k against liabilities of $50k, net assets of $176k. It reported 6 employees.