Midtown Manor Inc

Analysis

Midtown Manor Inc is a registered charity in United States, based in Waco, TX. It received its IRS tax-exemption ruling in September 1978, 48 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a suspense under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Midtown Manor Inc reported income of $1.3m and spending of $1.1m, spending 86% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $1.3m (+17%), an average of +5.2% a year. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Midtown Manor Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 86th percentile within TX. Charities of a similar size with the same main cause include 1854 Cedar Avenue Housing Development Fund Corporation ($1.3m), The Health Opportunity Protection and Encouragement Center Inc ($1.3m) and Elijah Smith Senior Citizen Housing Development Fund Co ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% and program service revenue 28% of the total. Other salaries and wages came to $177k. At year end it held assets of $1.6m against liabilities of $4.0m, net assets of -$2.4m. It reported 4 employees.