McDowell Housing Corporation

Analysis

McDowell Housing Corporation is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in February 1980, 46 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, McDowell Housing Corporation reported income of $597k and spending of $617k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $554k to $597k (+7.6%), an average of +1.9% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McDowell Housing Corporation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within SC. Charities of a similar size with the same main cause include Every Campus a Refuge ($596k), McKendree Arbors at Springfield Inc ($597k) and South Bay Community Land Trust ($596k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 29% of the total. At year end it held assets of $1.1m against liabilities of $1.4m, net assets of -$322k.