United Church Residences of South Horn Lake Mississippi Inc

Analysis

United Church Residences of South Horn Lake Mississippi Inc is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in March 1994, 32 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, United Church Residences of South Horn Lake Mississippi Inc reported income of $365k and spending of $597k, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $337k to $365k (+8.3%), an average of +2.0% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, United Church Residences of South Horn Lake Mississippi Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within OH. Charities of a similar size with the same main cause include Homestart Inc ($365k), Step Forward Communities Inc ($365k) and Jeri Hill Housing Corporation ($365k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. Other salaries and wages came to $47k. At year end it held assets of $787k against liabilities of $2.2m, net assets of -$1.4m. It reported 2 employees.

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.