Memphis Supportive Housing Inc

Analysis

Memphis Supportive Housing Inc is a registered charity in United States, based in St Paul, MN. It received its IRS tax-exemption ruling in March 1996, 30 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, Memphis Supportive Housing Inc reported income of $214k and spending of $284k, spending 132% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $211k to $214k (+1.4%), an average of +0.4% a year. Over the whole period it spent 119% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Memphis Supportive Housing Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MN. Charities of a similar size with the same main cause include Housing Associates Inc ($214k), Presbyterian Oaks II Inc ($214k) and Union Seniors Association ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 37% of the total. Other salaries and wages came to $46k. At year end it held assets of $1.0m against liabilities of $53k, net assets of $959k.

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.