Central Ms Housing and Development Corp

Analysis

Central Ms Housing and Development Corp is a registered charity in United States, based in Canton, MS. It received its IRS tax-exemption ruling in July 2012, 14 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2022, Central Ms Housing and Development Corp reported income of $211k and spending of $147k, leaving 30% of income unspent that year. Across the 4 years on record, from June 2019 to June 2022, income grew from $39k to $211k (+436%), an average of +75% a year. The sharpest change came in the year to June 2020, when income rose by 15114%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Central Ms Housing and Development Corp 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 56th percentile within MS. Charities of a similar size with the same main cause include Jay Johnston and Ralph Weiser Residential Centers Inc ($211k), Villa Del Sol Senior Housing Inc ($211k) and RVM Myrtle Creek II Housing Corporation ($211k).

On its Form 990 for the period ending June 2022, revenue came from program service revenue 19% of the total. At year end it held assets of $1.0m against liabilities of $681k, net assets of $327k.