MHHC Foundation Inc

Analysis

MHHC Foundation Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in June 1987, 39 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 June 2023, MHHC Foundation Inc reported income of $2.3m and spending of $1.4m, leaving 40% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $407k to $2.3m (+464%), an average of +54% a year. The sharpest change came in the year to June 2022, when income rose by 21115%. Over the whole period it spent 4.1% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, MHHC Foundation 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 84th percentile within NY. Charities of a similar size with the same main cause include Good News Radio ($2.3m), Maui Youth and Family Services Inc ($2.3m) and Westside Housing Organization Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 13% of the total. At year end it held assets of $74.3m against liabilities of $460k, net assets of $73.8m.