Johnny B Moore Towers Inc

Analysis

Johnny B Moore Towers Inc is a registered charity in United States, based in Spring Valley, NY. It received its IRS tax-exemption ruling in May 2001, 25 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 December 2023, Johnny B Moore Towers Inc reported income of $653k and spending of $676k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $473k to $653k (+38%), an average of +8.4% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 108% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Johnny B Moore Towers Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 70th percentile within NY. Charities of a similar size with the same main cause include Luther Village I of Dover Inc ($653k), Multi-County Builders ($653k) and South Texas Housing and Community Development Corp ($653k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $105k. At year end it held assets of $2.3m against liabilities of $3.6m, net assets of -$1.3m.

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.