Merced Housing Texas

Analysis

Merced Housing Texas is a registered charity in United States, based in San Antonio, TX. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending June 2023, Merced Housing Texas reported income of $11.4m and spending of $11.9m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.8m to $11.4m (+67%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 38%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Merced Housing Texas sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Tampa Bay Bowl Association Inc ($11.4m), College Auxiliary Services Inc ($11.4m) and Suwannee River Economic Council Inc ($11.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $389k (3.3% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $58.1m against liabilities of $46.0m, net assets of $12.2m. It reported 21 employees.