Housing for Multi-Handicapped Blind

Analysis

Housing for Multi-Handicapped Blind is a registered charity in United States, based in Reseda, CA. It received its IRS tax-exemption ruling in April 1990, 36 years ago. 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, Housing for Multi-Handicapped Blind reported income of $98k and spending of $170k, spending 173% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $84k to $98k (+17%), an average of +4.0% a year. Over the whole period it spent 163% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Housing for Multi-Handicapped Blind sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 39th percentile within CA. Charities of a similar size with the same main cause include Historic Muscatine Inc ($98k), Cuddles for Clefts Inc ($98k) and Portal Rescue Inc ($98k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% and program service revenue 10% of the total. At year end it held assets of $477k against liabilities of $1.2m, net assets of -$751k.

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.