Morgan Lane Housing Inc

Analysis

Morgan Lane Housing Inc is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in February 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 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 June 2023, Morgan Lane Housing Inc reported income of $143k and spending of $167k, spending 117% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $131k to $143k (+9.5%), an average of +3.1% a year. Over the whole period it spent 110% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Morgan Lane Housing Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 52nd percentile within SC. Charities of a similar size with the same main cause include Metropolitan Interfaith Council on Affordable Housing ($143k), Christmas-In-April-Calvert County Inc ($143k) and Chaffee County Hospitality Inc ($143k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. At year end it held assets of $951k against liabilities of $1.5m, net assets of -$500k.

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.