Mutual Housing Association of New York Inc

Analysis

Mutual Housing Association of New York Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1988, 38 years ago. 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, Mutual Housing Association of New York Inc reported income of $380k and spending of $11k, leaving 97% of income unspent that year. Across the 6 years on record, from June 2019 to December 2023, income grew from $293k to $380k (+30%), an average of +5.4% a year. The sharpest change came in the year to December 2020, when income rose by 279%. Over the whole period it spent 3.5% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mutual Housing Association of New York Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Pennsylvania Future Farmers of America Foundation Inc ($380k), International Congress of Infant Studies Inc ($380k) and St Anthony Educational Foundation Inc ($380k).

At year end it held assets of $8.4m against liabilities of $101k, net assets of $8.3m.