MHCCC Housing Corp II C

Analysis

MHCCC Housing Corp II C is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in December 2001, 25 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 June 2023, MHCCC Housing Corp II C reported income of $114k and spending of $131k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $91k to $114k (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 33%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, MHCCC Housing Corp II C sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include LA Casa de Ampi Inc ($114k), Dreamscapes Building Visions Inc ($114k) and Crown Hill Manor I Inc ($114k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $518. At year end it held assets of $879k against liabilities of $32k, net assets of $847k.

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.