Parity Baltimore Incorporated

Analysis

Parity Baltimore Incorporated is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in February 2021, 5 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, Parity Baltimore Incorporated reported income of $1.6m and spending of $887k, leaving 45% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $237k to $1.6m (+583%), an average of +161% a year. The sharpest change came in the year to June 2022, when income rose by 694%. Over the whole period it spent 33% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Parity Baltimore Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.6m), Hospitality House and Nutrition Center ($1.6m) and Hayes Manor ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $102k (11% of expenses). Other salaries and wages came to $377k. At year end it held assets of $4.0m against liabilities of $140k, net assets of $3.8m. It reported 9 employees.