Model Cities Properties

Analysis

Model Cities Properties is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in June 2010, 16 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Model Cities Properties reported income of $1.2m and spending of $1.1m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $599k to $1.2m (+106%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 69%. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Model Cities Properties sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 81st percentile within MN. Charities of a similar size with the same main cause include Lopez Community Land Trust ($1.2m), First Parish Housing of Fitchburg Inc ($1.2m) and Poco Way HDC Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% and program service revenue 60% of the total. At year end it held assets of $9.0m against liabilities of $8.4m, net assets of $656k.