Mid Cape Church Homes Inc

Analysis

Mid Cape Church Homes Inc is a registered charity in United States, based in Harwich, MA. It received its IRS tax-exemption ruling in August 1978, 48 years ago. 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 December 2023, Mid Cape Church Homes Inc reported income of $2.4m and spending of $1.7m, leaving 28% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.4m (+32%), an average of +7.2% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid Cape Church Homes Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Leadership Greater Chicago Inc ($2.4m), Community Christian Alternative Academy ($2.4m) and Families Planning Association of Puerto Rico ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 23% of the total. Other salaries and wages came to $265k. At year end it held assets of $12.1m against liabilities of $6.3m, net assets of $5.9m.