Nonprofit Mortgage

Analysis

Nonprofit Mortgage is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in October 2019, 7 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 2023, Nonprofit Mortgage reported income of $359k and spending of $359k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $201k to $359k (+78%), an average of +34% a year. The sharpest change came in the year to December 2022, when income rose by 57%. Over the whole period it spent 93% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nonprofit Mortgage sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 63rd percentile within MN. Charities of a similar size with the same main cause include Affordable Housing Solutions Inc ($359k), Habitat for Humanity of Benzie County Inc ($359k) and Pleasant Street Housing Inc ($359k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 46% and program service revenue 54% of the total. Other salaries and wages came to $214k. At year end it held assets of $141k against liabilities of $40k, net assets of $101k. It reported 15 employees.