Joseph Michalowski Housing Corporation

Analysis

Joseph Michalowski Housing Corporation is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in September 2009, 17 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 June 2024, Joseph Michalowski Housing Corporation reported income of $109k and spending of $141k, spending 130% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $79k to $109k (+38%), an average of +6.7% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 134% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Joseph Michalowski Housing Corporation sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 41st percentile within CA. Charities of a similar size with the same main cause include Ocl Properties XI Inc ($109k), New Life Estates Inc ($109k) and Pecan Village Inc ($109k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 11% of the total. At year end it held assets of $1.0m against liabilities of $65k, net assets of $951k.

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.