Mt Pleasant Housing Development Fund Co Inc

Analysis

Mt Pleasant Housing Development Fund Co Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in March 1995, 31 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 November 2023, Mt Pleasant Housing Development Fund Co Inc reported income of $1.2m and spending of $1.6m, spending 134% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income grew from $1.0m to $1.2m (+18%), an average of +4.1% a year. The sharpest change came in the year to November 2020, when income rose by 56%. Over the whole period it spent 112% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mt Pleasant Housing Development Fund Co Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 78th percentile within NY. Charities of a similar size with the same main cause include Saraland Manors Inc ($1.2m), Tayan Alliances Inc ($1.2m) and Habitat for Humanity International Inc ($1.2m).

On its Form 990 for the period ending November 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $7.3m, net assets of -$5.9m.