Mha Housing of the Piedmont Inc

Analysis

Mha Housing of the Piedmont 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. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 the Piedmont Inc reported income of $598k and spending of $525k, spending 88% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $568k to $598k (+5.3%), an average of +1.3% a year. Over the whole period it spent 90% 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 the Piedmont Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within NC. Charities of a similar size with the same main cause include Homeland Heroes Foundation ($598k), Migrant Rights Foundation ($598k) and Martin County Council on Aging Inc ($597k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. At year end it held assets of $1.5m against liabilities of $2.1m, net assets of -$636k.