National Caucus and Center on Black Aged Housing Services for Mississi

Analysis

National Caucus and Center on Black Aged Housing Services for Mississi is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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, National Caucus and Center on Black Aged Housing Services for Mississi reported income of $417k and spending of $429k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $545k to $417k (-24%), an average of -6.5% a year. The sharpest change came in the year to December 2020, when income dropped by 41%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Caucus and Center on Black Aged Housing Services for Mississi sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Matthew 25 Inc ($417k), Executive Service Corps of the Greater Triangle Inc ($417k) and Eastern Cardiothoracic Surgical Society ($417k).

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 $49k. At year end it held assets of $2.1m against liabilities of $2.6m, net assets of -$537k. It reported 2 employees.

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.