Mary Linda Housing Corp

Analysis

Mary Linda Housing Corp is a registered charity in United States, based in Amherst, NY. It received its IRS tax-exemption ruling in August 2005, 21 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 December 2022, Mary Linda Housing Corp reported income of $51k and spending of $69k, spending 137% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $38k to $51k (+33%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 27%. Over the whole period it spent 188% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mary Linda Housing Corp sits at the 11th percentile: it is larger than about 11% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 22nd percentile within NY. Charities of a similar size with the same main cause include Lakeview Apartments II Inc ($51k), Mental Retardation Community Serv of Nassau Cty-Project II Inc ($51k) and Burlington Transitional Living Center Inc ($51k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $334k against liabilities of $575k, net assets of -$241k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.