Mansfield Leased Housing Corporation

Analysis

Mansfield Leased Housing Corporation is a registered charity in United States, based in Mansfield, OH. It received its IRS tax-exemption ruling in December 1998, 28 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, Mansfield Leased Housing Corporation reported income of $1.1m and spending of $895k, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $671k to $1.1m (+70%), an average of +14% a year. The sharpest change came in the year to December 2022, when income rose by 30%. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mansfield Leased Housing Corporation 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 81st percentile within OH. Charities of a similar size with the same main cause include Hillabee Towers Inc ($1.1m), Bridging Families to Communities and Beyond ($1.1m) and Haven Towers Development Corporation ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1.0m against liabilities of $109k, net assets of $930k.