Jas Non Profit Housing Corporation VI

Analysis

Jas Non Profit Housing Corporation VI is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in February 2000, 26 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Jas Non Profit Housing Corporation VI reported income of $4.5m and spending of $5.1m, spending 114% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $4.1m to $4.5m (+8.5%), an average of +2.1% a year. The sharpest change came in the year to May 2020, when income rose by 19%. Over the whole period it spent 123% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Jas Non Profit Housing Corporation VI sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Urban Homesteading Assistance U-Hab ($4.5m), Meeting the Needs of Our Community Inc ($4.5m) and Calvary Womens Services Inc ($4.5m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 4.2% and program service revenue 89% of the total. Other salaries and wages came to $565k. At year end it held assets of $12.9m against liabilities of $10.2m, net assets of $2.6m.

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.