Margaret B Mack Supportive Housingcorporation

Analysis

Margaret B Mack Supportive Housingcorporation is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in September 2007, 19 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, Margaret B Mack Supportive Housingcorporation reported income of $186k and spending of $233k, spending 125% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $186k to $186k (-0.1%), an average of +-0.0% a year. Over the whole period it spent 132% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Margaret B Mack Supportive Housingcorporation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 50th percentile within CT. Charities of a similar size with the same main cause include Catalyst Development Corporation ($186k), Westminster Foundation III Inc ($186k) and Alcester Village Inc ($186k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $39k. At year end it held assets of $2.6m against liabilities of $240k, net assets of $2.4m.

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.