McNealy Housing Corporation

Analysis

McNealy Housing Corporation is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in April 2004, 22 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 2024, McNealy Housing Corporation reported income of $118k and spending of $152k, spending 129% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $77k to $118k (+54%), an average of +9.0% a year. The sharpest change came in the year to June 2021, when income rose by 27%. Over the whole period it spent 136% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McNealy Housing Corporation sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 43rd percentile within CA. Charities of a similar size with the same main cause include Ashland Community Development Corporation ($118k), Bridge Inc ($118k) and Venture Villa II Inc ($118k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.5% of the total. At year end it held assets of $434k against liabilities of $90k, net assets of $345k.

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.