Merit Housing Incorporated

Analysis

Merit Housing Incorporated is a registered charity in United States, based in Orange, CA. It received its IRS tax-exemption ruling in January 1997, 29 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, Merit Housing Incorporated reported income of $1.6m and spending of $6,677, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $210k to $1.6m (+675%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 616%. Over the whole period it spent 1.6% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Merit Housing Incorporated sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within CA. Charities of a similar size with the same main cause include Providence Residential Community Corporation ($1.6m), Littleton Section 8 Housing Corporation ($1.6m) and Hale Mahaolu Home Pumehana II Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 98% of the total. At year end it held assets of $4.2m against liabilities of $0, net assets of $4.2m.