SSND Mmu MCH Venture Inc

Analysis

SSND Mmu MCH Venture Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in April 2020, 6 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, SSND Mmu MCH Venture Inc reported income of $7.8m and spending of $8.0m, spending 103% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $453k to $7.8m (+1625%), an average of +315% a year. The sharpest change came in the year to December 2022, when income rose by 1429%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, SSND Mmu MCH Venture Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within WI. Charities of a similar size with the same main cause include Mercy Housing and Shelter Corporation ($7.8m), Brownsville Housing Opportunity Corporation ($7.8m) and Emergency Shelter Services Inc ($7.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.6% and program service revenue 96% of the total. Other salaries and wages came to $2.8m. At year end it held assets of $44.9m against liabilities of $39.4m, net assets of $5.5m.

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.