MJF Housing No 3 Inc

Analysis

MJF Housing No 3 Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in July 1997, 29 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, MJF Housing No 3 Inc reported income of $96k and spending of $145k, spending 152% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $109k to $96k (-12%), an average of -3.2% a year. Over the whole period it spent 120% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, MJF Housing No 3 Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 34th percentile within WI. Charities of a similar size with the same main cause include Hand Up Project ($96k), Wood County Village II Inc ($96k) and August P Petrillo Housing Development Fund Company Inc ($96k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. At year end it held assets of $814k against liabilities of $22k, net assets of $792k.

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.