Mobility Works Inc

Analysis

Mobility Works Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 2022, 4 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 December 2023, Mobility Works Inc reported income of $295k and spending of $302k, spending 102% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $366k to $295k (-19%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 68% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mobility Works Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MD. Charities of a similar size with the same main cause include Starr of Hope ($295k), Boston Tenant Coalition Inc ($296k) and Cleveland-Bradley Housing Corporation Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 71% of the total. Compensation of current officers, directors and key employees was $106k (35% of expenses). At year end it held assets of $265k against liabilities of $21k, net assets of $244k. It reported 1 employees.