Myrtle Davis Senior Complex Corporation

Analysis

Myrtle Davis Senior Complex Corporation is a registered charity in United States, based in Milwaukee, WI. 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Myrtle Davis Senior Complex Corporation reported income of $58k and spending of $93k, spending 160% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $60k to $58k (-3.8%), an average of -1.0% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 145% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Myrtle Davis Senior Complex Corporation sits at the 13th percentile: it is larger than about 13% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 19th percentile within WI. Charities of a similar size with the same main cause include Rebuilding Together with Christmas in April Inc ($58k), Hearth Foundation Inc ($58k) and Habitat for Humanity International Inc ($58k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 94% of the total. At year end it held assets of $390k against liabilities of $780k, net assets of -$391k.

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.