Minority Housing Corporation Topeka

Analysis

Minority Housing Corporation Topeka is a registered charity in United States, based in Leawood, KS. It received its IRS tax-exemption ruling in September 1990, 36 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, Minority Housing Corporation Topeka reported income of $232k and spending of $250k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $232k (+13%), an average of +3.1% a year. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Minority Housing Corporation Topeka sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within KS. Charities of a similar size with the same main cause include McKendree Oaks at Savannah Inc ($232k), Homestead Supportive Housingcorporation ($232k) and Independence Park II Senior Housing Inc ($232k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 98% of the total. Other salaries and wages came to $39k. At year end it held assets of $837k against liabilities of $1.3m, net assets of -$415k.

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.