Mihalics Project

Analysis

Mihalics Project is a registered charity in United States, based in Phoenix, AZ. It received its IRS tax-exemption ruling in January 1991, 35 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 September 2023, Mihalics Project reported income of $105k and spending of $115k, spending 109% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $104k to $105k (+0.8%), an average of +0.2% a year. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mihalics Project sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within AZ. Charities of a similar size with the same main cause include Leonard Housing Corporation ($105k), Options Properties Inc ($105k) and CPNJ Warren Residence Inc ($105k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% and program service revenue 31% of the total. Other salaries and wages came to $16k. At year end it held assets of $631k against liabilities of $286k, net assets of $345k.