Midwest Housing Development Fund Inc

Analysis

Midwest Housing Development Fund Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Midwest Housing Development Fund Inc reported income of $5.8m and spending of $1.9m, leaving 68% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $5.8m (+51%), an average of +11% a year. The sharpest change came in the year to December 2022, when income rose by 139%. Over the whole period it spent 34% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Midwest Housing Development Fund Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within NE. Charities of a similar size with the same main cause include David C Ai Crat 05051996 ($5.8m), Rodel Charitable Foundation de ($5.8m) and Denver Broncos Foundation ($5.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 52% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $456k (25% of expenses). Other salaries and wages came to $132k. At year end it held assets of $74.7m against liabilities of $49.4m, net assets of $25.3m. It reported 4 employees.