McHi Affordable Acquisitions Inc

Analysis

McHi Affordable Acquisitions Inc is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in February 1999, 27 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, McHi Affordable Acquisitions Inc reported income of $1.2m and spending of $599k, leaving 48% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.2m to $1.2m (-48%), an average of -15% a year. The sharpest change came in the year to June 2021, when income rose by 512%. Over the whole period it spent 27% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McHi Affordable Acquisitions Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within CA. Charities of a similar size with the same main cause include Ahepa 58 Inc ($1.2m), Beth-Anne Extended Living ($1.2m) and Home Ownership Made Easy ($1.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 33% and program service revenue 67% of the total. Other salaries and wages came to $149k. At year end it held assets of $21.0m against liabilities of $45k, net assets of $21.0m. It reported 1 employees.