Mha Housing of Western North Carolina Inc

Analysis

Mha Housing of Western North Carolina Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in September 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 Western North Carolina Inc reported income of $252k and spending of $228k, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $235k to $252k (+7.3%), an average of +1.8% a year. Over the whole period it spent 93% 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 Western North Carolina Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($252k), Du Pont Manual High School Alumni Association Inc ($252k) and Festival Fairbanks 84 ($252k).

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 $812k against liabilities of $1.0m, net assets of -$230k.