MBCDC Villa Matti Inc

Analysis

MBCDC Villa Matti Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in May 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 September 2023, MBCDC Villa Matti Inc reported income of $257k and spending of $463k, spending 180% of what it took in. Across the 4 years on record, from September 2019 to September 2023, income fell from $297k to $257k (-13%), an average of -4.6% a year. Over the whole period it spent 174% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, MBCDC Villa Matti Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Wholistic Housing Ventures Inc ($257k), Edith Street Apartments Inc ($257k) and Widows Harvest Ministries Inc ($257k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 34% of the total. Other salaries and wages came to $27k. At year end it held assets of $5.1m against liabilities of $72k, net assets of $5.1m.

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.