Mac Mineral Rentals Inc

Analysis

Mac Mineral Rentals Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in September 2021, 5 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 December 2023, Mac Mineral Rentals Inc reported income of $66k and spending of $69k, spending 105% of its income. Across the 2 years on record, from December 2021 to December 2023, income fell from $141k to $66k (-53%), an average of -53% a year. The sharpest change came in the year to December 2023, when income dropped by 53%. 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, Mac Mineral Rentals Inc sits at the 15th percentile: it is larger than about 14% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within LA. Charities of a similar size with the same main cause include Liberty Place Apartments Inc ($66k), South Norfolk Elderly Housing Services Inc ($66k) and Schneider & Ryland Homes Inc ($66k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $763k against liabilities of $712k, net assets of $51k.