Mhany Management Inc

Analysis

Mhany Management Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in June 1996, 30 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 December 2023, Mhany Management Inc reported income of $5.4m and spending of $7.0m, spending 130% of what it took in. Across the 6 years on record, from June 2019 to December 2023, income grew from $3.8m to $5.4m (+39%), an average of +6.8% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 86% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mhany Management Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Claremont Investment Management Company ($5.4m), Topside Manor Inc ($5.4m) and Providence Housing Development Corporation ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Other salaries and wages came to $3.0m. At year end it held assets of $52.3m against liabilities of $25.7m, net assets of $26.6m. It reported 77 employees.