Mississippi Housing Development

Analysis

Mississippi Housing Development is a registered charity in United States, based in Fayette, MS. It received its IRS tax-exemption ruling in December 2015, 11 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 2020, Mississippi Housing Development reported income of $623k and spending of $791k, spending 127% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income fell from $629k to $623k (-1.1%), an average of -1.1% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mississippi Housing Development sits at the 63rd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 75th percentile within MS. Charities of a similar size with the same main cause include Our Saviors Manor Seniors Nonprofit Housing Corporation ($623k), RVM Davis Housing Corporation ($623k) and Arcadia at Home ($623k).

On its Form 990 for the period ending December 2020, revenue came from program service revenue 99% of the total. At year end it held assets of $2.7m against liabilities of $2.6m, net assets of $49k.