M & O Housing Inc

Analysis

M & O Housing Inc is a registered charity in United States, based in Ocean, NJ. It received its IRS tax-exemption ruling in November 1987, 39 years ago. 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 June 2023, M & O Housing Inc reported income of $174k and spending of $167k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $150k to $174k (+16%), an average of +3.7% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, M & O Housing Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 58th percentile within NJ. Charities of a similar size with the same main cause include W I S E Wexford Ice Skating Enterprises ($174k), Committee of 1926 ($174k) and Ron Brigmon Ministries Inc ($174k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Other salaries and wages came to $5,350. At year end it held assets of $384k against liabilities of $409k, net assets of -$24k.