Metro Interfaith Housing Management Corporation

Analysis

Metro Interfaith Housing Management Corporation is a registered charity in United States, based in Binghamton, NY. It received its IRS tax-exemption ruling in October 1979, 47 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 2023, Metro Interfaith Housing Management Corporation reported income of $950k and spending of $893k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $758k to $950k (+25%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 30%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Metro Interfaith Housing Management Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 75th percentile within NY. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($950k), Cornelia House ($950k) and Beaver County Community Housing Development Organization Inc ($949k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $110k (12% of expenses). Other salaries and wages came to $327k. At year end it held assets of $1.0m against liabilities of $187k, net assets of $818k. It reported 36 employees.