McDowell County Housing Action Network

Analysis

McDowell County Housing Action Network is a registered charity in United States, based in Welch, WV. It received its IRS tax-exemption ruling in May 2002, 24 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, McDowell County Housing Action Network reported income of $70k and spending of $98k, spending 139% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $67k to $70k (+5.9%), an average of +1.4% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 166% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McDowell County Housing Action Network sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 25th percentile within WV. Charities of a similar size with the same main cause include Super Kids Ministries Inc ($70k), San Diego Rescue Mission Foundation ($70k) and First Shared Housing Corp ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Other salaries and wages came to $6,926. At year end it held assets of $819k against liabilities of $76k, net assets of $742k.

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.