Morehart Housing Foundation

Analysis

Morehart Housing Foundation is a registered charity in United States, based in Pasadena, CA. It received its IRS tax-exemption ruling in June 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Morehart Housing Foundation reported income of $74k and spending of $86k, spending 117% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $82k to $74k (-9.7%), an average of -9.7% a year. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Morehart Housing Foundation sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 31st percentile within CA. Charities of a similar size with the same main cause include Giannas House-Pregnancy Resource Center Inc ($74k), Ballston Area Senior Citizens Inc ($74k) and Kafunjo Community Project - US Inc ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $338k against liabilities of $635k, net assets of -$297k.