JFM No 5 Corp

Analysis

JFM No 5 Corp is a registered charity in United States, based in Auburn, ME. It received its IRS tax-exemption ruling in August 2012, 14 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 5 Corp reported income of $75k and spending of $106k, spending 141% of what it took in. Across the 5 years on record, from March 2020 to March 2024, income grew from $60k to $75k (+25%), an average of +5.7% a year. The sharpest change came in the year to March 2021, when income rose by 18%. Over the whole period it spent 140% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, JFM No 5 Corp sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 22nd percentile within ME. Charities of a similar size with the same main cause include Specialized Housing III Inc ($75k), Bay Hundred Community Volunteers Inc ($75k) and Anderson Place Apartments Inc ($75k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 77% and program service revenue 23% of the total. Other salaries and wages came to $13k. At year end it held assets of $765k against liabilities of $33k, net assets of $732k.

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.