Mission First Housing Development Corporation

Analysis

Mission First Housing Development Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Mission First Housing Development Corporation reported income of $9.9m and spending of $2.5m, leaving 75% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $8.2m to $9.9m (+22%), an average of +5.0% a year. The sharpest change came in the year to June 2021, when income rose by 143%. Over the whole period it spent 34% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mission First Housing Development Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 87th percentile within DC. Charities of a similar size with the same main cause include Xiente ($9.9m), Mutual Housing California ($9.9m) and Central Oklahoma Habitat for Humanity Inc ($9.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $257k (10% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $53.0m against liabilities of $13.0m, net assets of $40.0m. It reported 8 employees.