Medina Creative Housing Inc

Analysis

Medina Creative Housing Inc is a registered charity in United States, based in Medina, OH. It received its IRS tax-exemption ruling in October 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, Medina Creative Housing Inc reported income of $1.4m and spending of $1.0m, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $940k to $1.4m (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Medina Creative Housing Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within OH. Charities of a similar size with the same main cause include Asbury Arms Inc ($1.4m), Restored Homes Housing Development Fund Corporation ($1.4m) and Operation Rapid Response Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 34% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $271k (26% of expenses). Other salaries and wages came to $77k. At year end it held assets of $9.1m against liabilities of $2.7m, net assets of $6.4m. It reported 1 employees.