Murray Ridge Housing Corporation

Analysis

Murray Ridge Housing Corporation is a registered charity in United States, based in Elyria, OH. It received its IRS tax-exemption ruling in February 1993, 33 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Murray Ridge Housing Corporation reported income of $657k and spending of $411k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $460k to $657k (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 81% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Murray Ridge Housing Corporation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within OH. Charities of a similar size with the same main cause include Avalon Second Nonprofit Housing Corporation ($657k), Stepping Stone Communities Inc ($657k) and Madison Senior Citizen Housing Corporation ($657k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.5% and program service revenue 96% of the total. At year end it held assets of $3.3m against liabilities of $485k, net assets of $2.8m.