Mendenhall Rural Housing and Comm Development Corporation

Analysis

Mendenhall Rural Housing and Comm Development Corporation is a registered charity in United States, based in Jackson, MS. It received its IRS tax-exemption ruling in November 2000, 26 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 June 2023, Mendenhall Rural Housing and Comm Development Corporation reported income of $455k and spending of $268k, leaving 41% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $205k to $455k (+122%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 152%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mendenhall Rural Housing and Comm Development Corporation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MS. Charities of a similar size with the same main cause include Washington Townhouses ($455k), Stoneboro Development Corporation ($456k) and Four Streets Housing Development Fund Corporation ($455k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $27k. At year end it held assets of $909k against liabilities of $53k, net assets of $856k. It reported 4 employees.