Midwest Housing Initiatives Inc

Analysis

Midwest Housing Initiatives Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in March 2004, 22 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, Midwest Housing Initiatives Inc reported income of $2.0m and spending of $1.8m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $2.0m (+71%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 511%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Midwest Housing Initiatives Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within NE. Charities of a similar size with the same main cause include St Anthonys Housings for the Elderly ($2.0m), Columbus Housing Enterprise ($2.0m) and Harney Pioneer Homes Inc ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 49% of the total. At year end it held assets of $10.4m against liabilities of $5.4m, net assets of $5.0m.