Multi-Ethnic East Housing

Analysis

Multi-Ethnic East Housing is a registered charity in United States, based in Salt Lake Cty, UT. It received its IRS tax-exemption ruling in June 1986, 40 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, Multi-Ethnic East Housing reported income of $726k and spending of $675k, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $675k to $726k (+7.6%), an average of +1.8% a year. Over the whole period it spent 90% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Multi-Ethnic East Housing 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 75th percentile, and in the 74th percentile within UT. Charities of a similar size with the same main cause include Southern California Housing Collaborative ($726k), Evergreen Court Senior Housing Association ($726k) and SNHS Elderly Housing VII Inc ($726k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 64% and program service revenue 35% of the total. Other salaries and wages came to $67k. At year end it held assets of $2.7m against liabilities of $2.8m, net assets of -$95k.