Mins Court Housing Company Inc

Analysis

Mins Court Housing Company Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 2014, 12 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, Mins Court Housing Company Inc reported income of $1.8m and spending of $2.0m, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $1.8m (-4.6%), an average of -1.2% a year. Over the whole period it spent 114% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mins Court Housing Company Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Chittenden Housing Corporation ($1.8m), Kenai Peninsula Housing Initiatives Incorporated ($1.8m) and Yukon-Koyukuk Elder Assisted Living Consortium ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.8% and program service revenue 97% of the total. At year end it held assets of $3.9m against liabilities of $5.4m, net assets of -$1.4m.

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.