Mt Auburn Housing Inc

Analysis

Mt Auburn Housing Inc is a registered charity in United States, based in New Albany, OH. It received its IRS tax-exemption ruling in December 1995, 31 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending April 2024, Mt Auburn Housing Inc reported income of $524k and spending of $612k, spending 117% of what it took in. Across the 5 years on record, from April 2020 to April 2024, income fell from $578k to $524k (-9.4%), an average of -2.5% a year. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mt Auburn Housing Inc sits at the 59th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Village at Ascension Heights Inc ($524k), United Church Residences of Bellefontaine Ohio Inc ($524k) and Daisys Place a Shelter for Women and Children ($523k).

On its Form 990 for the period ending April 2024, revenue came from contributions and grants 74% and program service revenue 23% of the total. At year end it held assets of $672k against liabilities of $1.4m, net assets of -$739k.

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.