Missouri Valley Housing Corporation MVHC

Analysis

Missouri Valley Housing Corporation MVHC is a registered charity in United States, based in Missouri Valley, IA. It received its IRS tax-exemption ruling in January 1992, 34 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, Missouri Valley Housing Corporation MVHC reported income of $131k and spending of $150k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $142k to $131k (-8.2%), an average of -2.1% a year. Over the whole period it spent 116% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Missouri Valley Housing Corporation MVHC sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 43rd percentile within IA. Charities of a similar size with the same main cause include Hannahs House ($131k), Sisters 4 the Future ($131k) and Ghi Ltd ($131k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $19k. At year end it held assets of $411k against liabilities of $954k, net assets of -$543k. It reported 3 employees.

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.