Greater Mount Holly Community Development Corporation

Analysis

Greater Mount Holly Community Development Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in December 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 December 2023, Greater Mount Holly Community Development Corporation reported income of $199k and spending of $32k, leaving 84% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $4,500 to $199k (+4322%), an average of +4322% a year. The sharpest change came in the year to December 2023, when income rose by 4322%. Over the whole period it spent 17% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Greater Mount Holly Community Development Corporation sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MD. Charities of a similar size with the same main cause include Monadnock Area Transitional Sheltering ($199k), Strudwick & Strode Adult Foster Care Inc ($199k) and Hillside Village II Inc ($199k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $174k against liabilities of $4,350, net assets of $170k.