Mutual Housing Association of South Central Connecticut Inc

Analysis

Mutual Housing Association of South Central Connecticut Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in June 1993, 33 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 South Central Connecticut Inc reported income of $7.1m and spending of $7.4m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $7.1m (+20%), an average of +4.6% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 95% 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 South Central Connecticut Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Goodwin House Home and Community Based Services ($7.1m), Utah Regional Housing Corporation ($7.1m) and Friendship Senior Options NFP ($7.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $217k (2.9% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $52.0m against liabilities of $33.3m, net assets of $18.7m. It reported 51 employees.