Magnolia Heights Housing Corporation

Analysis

Magnolia Heights Housing Corporation is a registered charity in United States, based in Joplin, MO. It received its IRS tax-exemption ruling in November 2005, 21 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 under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Magnolia Heights Housing Corporation reported income of $163k and spending of $224k, spending 137% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $137k to $163k (+19%), an average of +4.5% a year. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Magnolia Heights Housing Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within MO. Charities of a similar size with the same main cause include Mesa Supportive Housing Inc ($163k), Roswell Homeless Coalition Inc ($163k) and Fernclif Housing Development Fund Company Inc ($163k).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.6m against liabilities of $14k, net assets of $1.6m.

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.