Midori Housing Corporation

Analysis

Midori Housing Corporation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in March 1996, 30 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Midori Housing Corporation reported income of $882k and spending of $1.4m, spending 155% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $882k (-13%), an average of -3.3% a year. Over the whole period it spent 122% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Midori Housing Corporation sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Exodus Treatment Center ($882k), Dallas Community Lighthouse ($882k) and Childrens Center at Suny Brooklyn Inc ($882k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 69% and program service revenue 25% of the total. At year end it held assets of $3.4m against liabilities of $7.4m, net assets of -$4.0m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.