Mental Health Association in Mid-Carolina Housing Corporation

Analysis

Mental Health Association in Mid-Carolina Housing Corporation is a registered charity in United States, based in Blythewood, SC. It received its IRS tax-exemption ruling in December 2022, 4 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, Mental Health Association in Mid-Carolina Housing Corporation reported income of $96k and spending of $113k, spending 118% of what it took in. Across the 5 years on record, from December 2018 to December 2023, income grew from $70k to $96k (+38%), an average of +8.3% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mental Health Association in Mid-Carolina Housing Corporation sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 41st percentile within SC. Charities of a similar size with the same main cause include Residential Alternatives Atlantic Inc ($96k), Nelda Place Apartments Inc ($96k) and Pelican Place Inc ($96k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $172k against liabilities of $648k, net assets of -$476k.

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.