Everett Non-Profit Housing Corporation

Analysis

Everett Non-Profit Housing Corporation is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in July 1997, 29 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 June 2023, Everett Non-Profit Housing Corporation reported income of $982k and spending of $1.1m, spending 112% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $856k to $982k (+15%), an average of +4.7% a year. Over the whole period it spent 115% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Everett Non-Profit Housing Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include Midland Kings Daughters Endowment Fund ($982k), Colorado Safe Parking Initiative ($982k) and Housing Plus ($982k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 45% of the total. At year end it held assets of $6.2m against liabilities of $1.2m, net assets of $5.0m.

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.