MHCPV Housing Inc

Analysis

MHCPV Housing Inc is a registered charity in United States, based in Bangor, ME. It received its IRS tax-exemption ruling in April 1986, 40 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, MHCPV Housing Inc reported income of $147k and spending of $129k, spending 87% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $140k to $147k (+5.0%), an average of +5.0% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, MHCPV Housing Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 40th percentile within ME. Charities of a similar size with the same main cause include William Enston Home ($147k), St Edmunds Redevelopment Corp ($147k) and New Genesis Homeless Inc ($147k).

On its Form 990-EZ for the period ending June 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $184k against liabilities of $206k, net assets of -$22k.