Jenks Mill Housing Corp

Analysis

Jenks Mill Housing Corp is a registered charity in United States, based in Cumberland, RI. It received its IRS tax-exemption ruling in April 1997, 29 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Jenks Mill Housing Corp reported income of $542k and spending of $607k, spending 112% of what it took in. Across the 3 years on record, from March 2020 to March 2023, income grew from $395k to $542k (+37%), an average of +17% a year. The sharpest change came in the year to March 2023, when income rose by 40%. Over the whole period it spent 130% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jenks Mill Housing Corp sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within RI. Charities of a similar size with the same main cause include Find-A-Way II Inc ($542k), Lao Park Housing Corporation ($542k) and Aurora Project ($541k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 47% and program service revenue 53% of the total. Other salaries and wages came to $99k. At year end it held assets of $2.6m against liabilities of $5.1m, net assets of -$2.5m.

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.