Mission Housing Development Properties III Inc

Analysis

Mission Housing Development Properties III Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 1994, 32 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, Mission Housing Development Properties III Inc reported income of $557k and spending of $958k, spending 172% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income fell from $894k to $557k (-38%), an average of -9.1% a year. The sharpest change came in the year to December 2021, when income rose by 208%. Over the whole period it spent 91% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mission Housing Development Properties III Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include Aldersgate Housing Ministry of Oklahoma City ($556k), Hubbardston Elderly Housing Inc ($557k) and Gallatin Manor Inc ($556k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.7% and program service revenue 6.6% of the total. At year end it held assets of $15.0m against liabilities of $0, net assets of $15.0m.