Mission24 Inc

Analysis

Mission24 Inc is a registered charity in United States, based in Fresno, TX. It received its IRS tax-exemption ruling in October 1991, 35 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 2022, Mission24 Inc reported income of $301k and spending of $309k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $445k to $301k (-32%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 44%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mission24 Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Buckingham Terrace Inc ($301k), United Methodist Nomads ($301k) and Steps 4 Life Community Services ($301k).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $75k (24% of expenses). At year end it held assets of $63k against liabilities of $71, net assets of $63k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.