Mha Housing of Eastern North Carolina Inc

Analysis

Mha Housing of Eastern North Carolina Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in August 1987, 39 years ago. 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 September 2023, Mha Housing of Eastern North Carolina Inc reported income of $223k and spending of $216k, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $201k to $223k (+11%), an average of +2.7% a year. The sharpest change came in the year to September 2023, when income rose by 23%. Over the whole period it spent 108% 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 Eastern North Carolina Inc sits at the 55th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include Nebraska High School Sports Hall of Fame Foundation ($223k), International Institute of Gurmat Studies Inc ($223k) and PTA California Congress of Parents Teachers & Students Inc ($223k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 37% of the total. At year end it held assets of $765k against liabilities of $1.5m, net assets of -$693k.