MHT Housing IV Inc

Analysis

MHT Housing IV Inc is a registered charity in United States, based in Bingham Farms, MI. It received its IRS tax-exemption ruling in February 1998, 28 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, MHT Housing IV Inc reported income of $47.4m and spending of $47.3m, spending 100% of its income. Across the 6 years on record, from March 2019 to December 2023, income grew from $475k to $47.4m (+9883%), an average of +151% a year. The sharpest change came in the year to March 2023, when income rose by 5828%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, MHT Housing IV Inc sits at the 99th 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 Lutheran Retirement Ministries of Alamance County North Carolina ($46.9m), Lantern Community Services Inc ($47.4m) and King Farm Presbyterian Retirement ($46.1m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 1.9% of the total. At year end it held assets of $15.1m against liabilities of $1.1m, net assets of $14.1m.