M7ven Supportive Housing Development Group Inc

Analysis

M7ven Supportive Housing Development Group Inc is a registered charity in United States, based in Kennesaw, GA. It received its IRS tax-exemption ruling in April 2021, 5 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 December 2023, M7ven Supportive Housing Development Group Inc reported income of $268k and spending of $260k, spending 97% of its income. Across the 6 years on record, from December 2018 to December 2023, income fell from $480k to $268k (-44%), an average of -11% a year. The sharpest change came in the year to December 2019, when income rose by 58%. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, M7ven Supportive Housing Development Group Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 64th percentile within GA. Charities of a similar size with the same main cause include Ahepa 284 IV Inc ($268k), Combatting Homelessness and Dependency Inc ($268k) and Community Winterhelp Inc ($268k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. At year end it held assets of $1.3m against liabilities of $1.1m, net assets of $240k. It reported 2 employees.