Mental Health Care Affordable Housing IV Inc

Analysis

Mental Health Care Affordable Housing IV Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in August 2016, 10 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mental Health Care Affordable Housing IV Inc reported income of $255k and spending of $320k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $218k to $255k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mental Health Care Affordable Housing IV Inc sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 62nd percentile within FL. Charities of a similar size with the same main cause include Bradley Homes for the Elderly 3 Inc ($255k), Lower East Side Coalition Housing Development Inc ($255k) and Christmas in October ($255k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $48k. At year end it held assets of $1.5m against liabilities of $181k, net assets of $1.3m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.