MH Residences Inc

Analysis

MH Residences Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in June 1988, 38 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, MH Residences Inc reported income of $88k and spending of $160k, spending 181% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $101k to $88k (-13%), an average of -13% a year. Over the whole period it spent 163% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, MH Residences Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within PA. Charities of a similar size with the same main cause include Lake Agassiz Girls Choir Inc ($88k), Georgia Extension 4-H Foundation ($88k) and Little League Baseball Inc ($88k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 64% of the total. At year end it held assets of $410k against liabilities of $1.1m, net assets of -$719k.