NMF VII

Analysis

NMF VII is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in June 2005, 21 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 August 2024, NMF VII reported income of $236k and spending of $312k, spending 132% of what it took in. Across the 5 years on record, from August 2020 to August 2024, income grew from $166k to $236k (+42%), an average of +9.2% a year. The sharpest change came in the year to August 2023, when income rose by 18%. Over the whole period it spent 117% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, NMF VII sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Barre Housing Services Inc ($236k), Manny L Wilson Housing Development Fund Corporation ($236k) and Kanesville Heights Inc ($236k).

On its Form 990 for the period ending August 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $33k. At year end it held assets of $1.5m against liabilities of $181k, net assets of $1.4m.

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.