Highlands Mutual Housing Corporation Inc

Analysis

Highlands Mutual Housing Corporation Inc is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in April 2012, 14 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 i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Highlands Mutual Housing Corporation Inc reported income of $1.2m and spending of $1.7m, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $982k to $1.2m (+21%), an average of +4.9% a year. The sharpest change came in the year to December 2022, when income rose by 43%. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Highlands Mutual Housing Corporation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Community Services Programs Inc ($1.2m), Evernorth Loan Fund Inc ($1.2m) and Eagle Harbor Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 92% of the total. Other salaries and wages came to $179k. At year end it held assets of $17.4m against liabilities of $9.8m, net assets of $7.6m.

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.