Habitat For Humanity Of The Mississippi Gulf Coast Inc
Habitat For Humanity Of The Mississippi Gulf Coast Inc consistently spends more than it earns, drawing down assets.
EIN: 208133916 · Gulfport, MS · NTEE: L250 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $6.2M |
| Total Expenses | $4.9M |
| Program Spending | 80% |
| Net Assets | $13.9M |
| Transparency Score | 70/100 |
Is Habitat For Humanity Of The Mississippi Gulf Coast Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Habitat For Humanity Of The Mississippi Gulf Coast Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Habitat For Humanity Of The Mississippi Gulf Coast Inc
Habitat For Humanity Of The Mississippi Gulf Coast Inc (EIN: 208133916) is a nonprofit organization based in Gulfport, MS, classified under NTEE code L250. The organization reported total revenue of $6.2M and total assets of $18.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Habitat For Humanity Of The Mississippi Gulf Coast Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Habitat For Humanity Of The Mississippi Gulf Coast Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $4.9M |
| Surplus / Deficit | $-2,658,959 |
| Total Assets | $22.1M |
| Total Liabilities | $8.2M |
| Net Assets | $13.9M |
| Operating Margin | -117.2% |
| Debt-to-Asset Ratio | 37.0% |
| Months of Reserves | 53.7 months |
Financial Health Grade: B
In 2024, Habitat For Humanity Of The Mississippi Gulf Coast Inc reported a deficit of $2.7M with expenses exceeding revenue, holds 53.7 months of operating reserves (strong position), has a debt-to-asset ratio of 37.0% (moderate leverage).
Financial Trends
Over 13 years of filings (2012–2024), Habitat For Humanity Of The Mississippi Gulf Coast Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -28.5% | +4.6% | -10.5% |
| 2023 | -14.2% | +3.0% | -1.5% |
| 2022 | -26.5% | -5.2% | -3.0% |
| 2021 | +134.5% | -10.4% | -16.6% |
| 2020 | -55.2% | -9.2% | -7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Habitat For Humanity Of The Mississippi Gulf Coast Inc with a Mission Score of 70 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Habitat For Humanity Of The Mississippi Gulf Coast Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 37.0%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no portion of its expenses is allocated to executive salaries, which is a strong positive for transparency and resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Habitat For Humanity Of The Mississippi Gulf Coast Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue) across multiple years, such as $4,927,622 expenses vs. $2,268,663 revenue in 202406.
- Significant decline in total assets from $41,656,701 in 201506 to $22,053,384 in 202406.
- Fluctuating but substantial liabilities, reaching $8,154,402 in the latest filing, which could impact financial flexibility.
Strengths
The following positive indicators were identified for Habitat For Humanity Of The Mississippi Gulf Coast Inc:
- Consistent reporting of 0% officer compensation across all available filings, indicating strong financial integrity in executive pay.
- Long history of IRS 990 filings (13 filings), demonstrating commitment to transparency and regulatory compliance.
- Substantial asset base of $22,053,384 in 202406, providing a significant financial buffer despite recent declines.
Frequently Asked Questions about Habitat For Humanity Of The Mississippi Gulf Coast Inc
Is Habitat For Humanity Of The Mississippi Gulf Coast Inc a legitimate charity?
Habitat For Humanity Of The Mississippi Gulf Coast Inc (EIN: 208133916) is a registered tax-exempt nonprofit based in Mississippi. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.2M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Habitat For Humanity Of The Mississippi Gulf Coast Inc spend its money?
Habitat For Humanity Of The Mississippi Gulf Coast Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Habitat For Humanity Of The Mississippi Gulf Coast Inc tax-deductible?
Habitat For Humanity Of The Mississippi Gulf Coast Inc is registered as a tax-exempt nonprofit (EIN: 208133916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Habitat For Humanity Of The Mississippi Gulf Coast Inc's spending goes to programs?
Habitat For Humanity Of The Mississippi Gulf Coast Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Habitat For Humanity Of The Mississippi Gulf Coast Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Habitat For Humanity Of The Mississippi Gulf Coast Inc is above average for NTEE category L250 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Habitat For Humanity Of The Mississippi Gulf Coast Inc located?
Habitat For Humanity Of The Mississippi Gulf Coast Inc is headquartered in Gulfport, Mississippi and files with the IRS under EIN 208133916. It is classified under NTEE code L250.
How many years of IRS 990 filings does Habitat For Humanity Of The Mississippi Gulf Coast Inc have?
Habitat For Humanity Of The Mississippi Gulf Coast Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $6.2M in total revenue.
How does Habitat For Humanity Of The Mississippi Gulf Coast Inc cover its consistent operational deficits?
The consistent operational deficits, where expenses exceed revenue (e.g., $4,927,622 expenses vs. $2,268,663 revenue in 202406), suggest the organization is either drawing down on its accumulated assets, utilizing non-operating income, or relying on prior period surpluses. A detailed look at their Statement of Activities would clarify the funding sources for these deficits.
What is the long-term strategy for addressing the decline in assets?
The organization's assets have decreased from $41,656,701 in 201506 to $22,053,384 in 202406. This significant decline, coupled with consistent operational deficits, raises questions about the sustainability of their financial model and what strategies are in place to stabilize or grow their asset base.
What is the specific breakdown of program, administrative, and fundraising expenses?
While the provided data indicates overall revenue and expenses, a detailed breakdown of how expenses are allocated among program services, administrative costs, and fundraising efforts is crucial for a comprehensive assessment of spending efficiency. This information is typically found in Part IX of the IRS Form 990.
Filing History
IRS 990 filing history for Habitat For Humanity Of The Mississippi Gulf Coast Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Habitat For Humanity Of The Mississippi Gulf Coast Inc's revenue has declined by 50.8%, moving from $4.6M to $2.3M. Total assets decreased by 55% over the same period, from $49.0M to $22.1M. Total functional expenses fell by 24.9%, from $6.6M to $4.9M. In its most recent filing year (2024), Habitat For Humanity Of The Mississippi Gulf Coast Inc reported a deficit of $2.7M, with expenses exceeding revenue. The organization holds $8.2M in liabilities against $22.1M in assets (debt-to-asset ratio: 37.0%), resulting in net assets of $13.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.3M | $4.9M | $22.1M | $8.2M | — | View 990 |
| 2023 | $3.2M | $4.7M | $24.6M | $8.1M | — | View 990 |
| 2022 | $3.7M | $4.6M | $25.0M | $6.9M | — | View 990 |
| 2021 | $5.0M | $4.8M | $25.8M | $6.8M | — | View 990 |
| 2020 | $2.1M | $5.4M | $30.9M | $12.2M | — | View 990 |
| 2019 | $4.8M | $5.9M | $33.4M | $11.4M | — | View 990 |
| 2018 | $7.1M | $5.6M | $30.8M | $7.7M | — | — |
| 2017 | $2.2M | $4.2M | $28.5M | $6.9M | — | View 990 |
| 2016 | $3.6M | $3.9M | $28.7M | $5.1M | — | View 990 |
| 2015 | $4.7M | $5.4M | $41.7M | $17.7M | — | View 990 |
| 2014 | $3.6M | $6.2M | $49.9M | $25.3M | — | View 990 |
| 2013 | $5.5M | $6.9M | $47.6M | $20.4M | — | View 990 |
| 2012 | $4.6M | $6.6M | $49.0M | $20.4M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.3M, expenses of $4.9M, and assets of $22.1M (revenue -28.5% year-over-year).
- 2023: Revenue of $3.2M, expenses of $4.7M, and assets of $24.6M (revenue -14.2% year-over-year).
- 2022: Revenue of $3.7M, expenses of $4.6M, and assets of $25.0M (revenue -26.5% year-over-year).
- 2021: Revenue of $5.0M, expenses of $4.8M, and assets of $25.8M (revenue +134.5% year-over-year).
- 2020: Revenue of $2.1M, expenses of $5.4M, and assets of $30.9M (revenue -55.2% year-over-year).
- 2019: Revenue of $4.8M, expenses of $5.9M, and assets of $33.4M (revenue -33.0% year-over-year).
- 2018: Revenue of $7.1M, expenses of $5.6M, and assets of $30.8M (revenue +217.4% year-over-year).
- 2017: Revenue of $2.2M, expenses of $4.2M, and assets of $28.5M (revenue -37.6% year-over-year).
- 2016: Revenue of $3.6M, expenses of $3.9M, and assets of $28.7M (revenue -23.7% year-over-year).
- 2015: Revenue of $4.7M, expenses of $5.4M, and assets of $41.7M (revenue +32.0% year-over-year).
- 2014: Revenue of $3.6M, expenses of $6.2M, and assets of $49.9M (revenue -35.2% year-over-year).
- 2013: Revenue of $5.5M, expenses of $6.9M, and assets of $47.6M (revenue +19.5% year-over-year).
- 2012: Revenue of $4.6M, expenses of $6.6M, and assets of $49.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Habitat For Humanity Of The Mississippi Gulf Coast Inc:
Data Sources and Methodology
This transparency report for Habitat For Humanity Of The Mississippi Gulf Coast Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.