Mha Housing of Central North Carolina Inc

Analysis

Mha Housing of Central North Carolina Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in February 1987, 39 years ago. 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 September 2023, Mha Housing of Central North Carolina Inc reported income of $297k and spending of $280k, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $258k to $297k (+15%), an average of +3.7% a year. The sharpest change came in the year to September 2020, when income rose by 17%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mha Housing of Central North Carolina Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within NC. Charities of a similar size with the same main cause include Wildflowers Institute ($297k), Child Development Services of Murfreesboro ($298k) and Youth for Christ USA Inc ($297k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 50% and program service revenue 50% of the total. At year end it held assets of $908k against liabilities of $1.1m, net assets of -$165k.