JFM No 3 Corp

Analysis

JFM No 3 Corp is a registered charity in United States, based in Auburn, ME. It received its IRS tax-exemption ruling in October 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 March 2024, JFM No 3 Corp reported income of $152k and spending of $190k, spending 125% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $123k to $152k (+24%), an average of +5.5% a year. The sharpest change came in the year to March 2024, when income rose by 25%. Over the whole period it spent 144% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, JFM No 3 Corp sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 41st percentile within ME. Charities of a similar size with the same main cause include Drews Home of Clarkston Inc ($152k), Lawyers for America ($152k) and Cornerstone of Hope Inc ($152k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 78% and program service revenue 22% of the total. Other salaries and wages came to $32k. At year end it held assets of $1.2m against liabilities of $168k, net assets of $1.0m.

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.