Martin Luther Homes for the Handicapped Inc

Analysis

Martin Luther Homes for the Handicapped Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in December 2021, 5 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, Martin Luther Homes for the Handicapped Inc reported income of $284k and spending of $257k, spending 91% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $276k to $284k (+2.6%), an average of +0.5% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Martin Luther Homes for the Handicapped Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within AL. Charities of a similar size with the same main cause include Maywood Margery Daw Day Care Center ($283k), Reside Affordable Inc ($284k) and South Hampton Roads Supportive Housing Inc ($283k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $78k against liabilities of $496k, net assets of -$418k. It reported 2 employees.