MHC Homes Inc

Analysis

MHC Homes Inc is a registered charity in United States, based in Farmington, CT. It received its IRS tax-exemption ruling in November 2018, 8 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 June 2023, MHC Homes Inc reported income of $152k and spending of $133k, spending 87% of its income. Across the 5 years on record, from December 2019 to June 2023, income fell from $176k to $152k (-14%), an average of -3.6% a year. The sharpest change came in the year to June 2022, when income rose by 102%. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, MHC Homes Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within CT. Charities of a similar size with the same main cause include Choctaw Durant Properties Inc ($152k), Potters House for Women Inc ($152k) and Lawyers for America ($152k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.5m against liabilities of $449k, net assets of $1.0m.