Menorah Plaza Housing Corporation

Analysis

Menorah Plaza Housing Corporation is a registered charity in United States, based in St Louis Park, MN. It received its IRS tax-exemption ruling in August 1987, 39 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 September 2023, Menorah Plaza Housing Corporation reported income of $12.4m and spending of $1.7m, leaving 86% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $12.4m (+553%), an average of +60% a year. The sharpest change came in the year to September 2023, when income rose by 553%. Over the whole period it spent 49% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Menorah Plaza Housing Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include Central Valley Low Income Housing Corporation ($12.4m), Residential Options Inc ($12.4m) and The Rescue Mission ($12.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 6.6% of the total. Other salaries and wages came to $128k. At year end it held assets of $10.6m against liabilities of $32k, net assets of $10.5m. It reported 10 employees.