McAllen Housing Facility Corporation

Analysis

McAllen Housing Facility Corporation is a registered charity in United States, based in McAllen, TX. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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, McAllen Housing Facility Corporation reported income of $1.4m and spending of $1.4m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.4m to $1.4m (+4.9%), an average of +1.2% a year. The sharpest change came in the year to June 2022, when income rose by 57%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, McAllen Housing Facility Corporation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Homeless Intervention Services of Orange County ($1.4m), Dairy and Food Nutrition Council of Florida Inc ($1.4m) and Good Samaritan Foundation-Dayton ($1.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.0% and program service revenue 98% of the total. At year end it held assets of $8.9m against liabilities of $2.4m, net assets of $6.4m.