Midlands Housing Alliance Inc

Analysis

Midlands Housing Alliance Inc is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in December 2005, 21 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, Midlands Housing Alliance Inc reported income of $4.2m and spending of $4.0m, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.6m to $4.2m (+63%), an average of +18% a year. The sharpest change came in the year to June 2022, when income rose by 76%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midlands Housing Alliance Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within SC. Charities of a similar size with the same main cause include Pima Community College Foundation Inc ($4.2m), The Arc Montgomery ($4.2m) and Saint Francis Home ($4.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $103k (2.6% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $13.2m against liabilities of $2.1m, net assets of $11.1m. It reported 86 employees.