Nhhi-Michael J Bjerkesett House Inc

Analysis

Nhhi-Michael J Bjerkesett House Inc is a registered charity in United States, based in New Brighton, MN. It received its IRS tax-exemption ruling in March 2018, 8 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 September 2023, Nhhi-Michael J Bjerkesett House Inc reported income of $84k and spending of $84k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $80k to $84k (+5.3%), an average of +1.3% a year. The sharpest change came in the year to September 2020, when income dropped by 27%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nhhi-Michael J Bjerkesett House Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 29th percentile within MN. Charities of a similar size with the same main cause include Thomaston Housing Authority Resident Council Inc ($84k), Lutheran Housing Corporation Santa Cruz Ca ($84k) and Jones Manor on the Sound ($84k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $16k. At year end it held assets of $324k against liabilities of $10k, net assets of $314k.

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.