Mhak-Cmi Apartments Inc

Analysis

Mhak-Cmi Apartments Inc is a registered charity in United States, based in Wichita, KS. It received its IRS tax-exemption ruling in October 1992, 34 years ago. 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 December 2023, Mhak-Cmi Apartments Inc reported income of $81k and spending of $89k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $62k to $81k (+29%), an average of +29% a year. The sharpest change came in the year to December 2023, when income rose by 29%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mhak-Cmi Apartments Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 29th percentile within KS. Charities of a similar size with the same main cause include Friends of the Las Vegas Youth Orch Estra ($81k), Emergency Nurses Association ($81k) and Virginia Congress of Parents and Teachers ($81k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $232k against liabilities of $18k, net assets of $214k.