Minnesota Attainable Housing Corporation

Analysis

Minnesota Attainable Housing Corporation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 1995, 31 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Minnesota Attainable Housing Corporation reported income of $246k and spending of $17k, leaving 93% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $63k to $246k (+290%), an average of +41% a year. The sharpest change came in the year to December 2021, when income dropped by 181%. Over the whole period it spent 394% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Minnesota Attainable Housing Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within MN. Charities of a similar size with the same main cause include Pleasant Park Community Inc ($246k), Morrow Chase Housing Inc ($246k) and Ucc Xvii Inc ($246k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 187% of the total. At year end it held assets of $12.6m against liabilities of $12.7m, net assets of -$129k.