MMM Heritage Bell Oaks Housing Corp

Analysis

MMM Heritage Bell Oaks Housing Corp is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, MMM Heritage Bell Oaks Housing Corp reported income of $813k and spending of $657k, spending 81% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $647k to $813k (+26%), an average of +5.9% a year. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, MMM Heritage Bell Oaks Housing Corp sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 81st percentile within TX. Charities of a similar size with the same main cause include Ches Foundation Inc ($813k), Friendship Foundation Inc ($813k) and The Reach Center ($813k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 94% of the total. Other salaries and wages came to $133k. At year end it held assets of $2.4m against liabilities of $319k, net assets of $2.0m. It reported 4 employees.