Mutual Housing Association of Southwestern Connecticut Inc

Analysis

Mutual Housing Association of Southwestern Connecticut Inc is a registered charity in United States, based in Trumbull, CT. It received its IRS tax-exemption ruling in August 1990, 36 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 December 2023, Mutual Housing Association of Southwestern Connecticut Inc reported income of $2.3m and spending of $3.1m, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $2.3m (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2023, when income rose by 80%. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mutual Housing Association of Southwestern Connecticut Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within CT. Charities of a similar size with the same main cause include Walmsley Housing Corporation ($2.3m), Ellen Kennedy Living Center ($2.3m) and Habitat for Humanity International Inc ($2.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $189k (6.1% of expenses). Other salaries and wages came to $826k. At year end it held assets of $15.5m against liabilities of $4.3m, net assets of $11.2m. It reported 36 employees.