Jennings Manor Housing Corporation

Analysis

Jennings Manor Housing Corporation is a registered charity in United States, based in Garfield Heights, OH. It received its IRS tax-exemption ruling in March 1946, 80 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 2024, Jennings Manor Housing Corporation reported income of $549k and spending of $675k, spending 123% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $518k to $549k (+5.9%), an average of +1.1% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Jennings Manor Housing Corporation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within OH. Charities of a similar size with the same main cause include Actors Training Center Inc ($549k), Trustees of Purdue University ($549k) and United Helpers Foundation ($549k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $126k. At year end it held assets of $2.3m against liabilities of $4.4m, net assets of -$2.1m.

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.