Morgan W Tann Housing Inc

Analysis

Morgan W Tann Housing Inc is a registered charity in United States, based in Washington, NC. It received its IRS tax-exemption ruling in June 2001, 25 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 December 2023, Morgan W Tann Housing Inc reported income of $303k and spending of $370k, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $303k (+28%), an average of +6.3% a year. Over the whole period it spent 127% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Morgan W Tann Housing Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Fulton Gardens Corporation ($303k), United Church Residences of Brilliant Ohio Inc ($303k) and Life of Victory International Christian Ministries ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. At year end it held assets of $1.4m against liabilities of $2.9m, net assets of -$1.5m.

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.