United Church Residences of Corinth Mississippi Inc

Analysis

United Church Residences of Corinth Mississippi Inc is a registered charity in United States, based in Marion, OH. It received its IRS tax-exemption ruling in October 1992, 34 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, United Church Residences of Corinth Mississippi Inc reported income of $398k and spending of $368k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $288k to $398k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, United Church Residences of Corinth Mississippi Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within OH. Charities of a similar size with the same main cause include Aspire Indiana Housing Inc ($398k), Habitat for Humanity International ($398k) and Urban Soil Tierra Urbana ($398k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 35% of the total. Other salaries and wages came to $77k. At year end it held assets of $786k against liabilities of $2.1m, net assets of -$1.3m. It reported 3 employees.