Habitat for Humanity of the Mississippi Gulf Coast Inc

Analysis

Habitat for Humanity of the Mississippi Gulf Coast Inc is a registered charity in United States, based in Gulfport, MS. It received its IRS tax-exemption ruling in August 2008, 18 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 (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 2024, Habitat for Humanity of the Mississippi Gulf Coast Inc reported income of $2.3m and spending of $4.9m, spending 217% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $4.8m to $2.3m (-53%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 135%. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Habitat for Humanity of the Mississippi Gulf Coast Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within MS. Charities of a similar size with the same main cause include Sunset Apartments Housing Corporation ($2.3m), General Chauncey M Hooper Towers Housing Development Fund Co Inc ($2.3m) and Greenville Community Shelters ($2.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 19% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $285k (5.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $22.1m against liabilities of $8.2m, net assets of $13.9m. It reported 93 employees.

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.