Mur-Ci Homes Inc

Analysis

Mur-Ci Homes Inc is a registered charity in United States, based in Antioch, TN. It received its IRS tax-exemption ruling in April 1963, 63 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 June 2023, Mur-Ci Homes Inc reported income of $13.6m and spending of $13.5m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.8m to $13.6m (+15%), an average of +3.6% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mur-Ci Homes Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within TN. Charities of a similar size with the same main cause include James L Maher Center ($13.6m), Parkway Village Inc ($13.6m) and Human Development Commission ($13.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.1% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $106k (0.8% of expenses). Other salaries and wages came to $7.4m. At year end it held assets of $9.2m against liabilities of $5.2m, net assets of $4.0m. It reported 264 employees.