MHT Housing Inc

Analysis

MHT Housing Inc is a registered charity in United States, based in Bingham Farms, MI. It received its IRS tax-exemption ruling in June 1991, 35 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, MHT Housing Inc reported income of $99.4m and spending of $9.9m, leaving 90% of income unspent that year. Across the 6 years on record, from March 2019 to December 2023, income grew from $14.8m to $99.4m (+570%), an average of +46% a year. The sharpest change came in the year to March 2023, when income rose by 217%. Over the whole period it spent 24% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, MHT Housing Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MI. Charities of a similar size with the same main cause include Home-Life Services Inc ($98.3m), Community Builders Inc ($99.7m) and Gene B Glick Family Housing Foundation Inc ($96.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $984k (9.9% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $244.3m against liabilities of $6.7m, net assets of $237.6m. It reported 39 employees.