Azure Heights Nonprofit Corporation

Analysis

Azure Heights Nonprofit Corporation is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Azure Heights Nonprofit Corporation reported income of $75k and spending of $89k, spending 120% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $63k to $75k (+18%), an average of +4.2% a year. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Azure Heights Nonprofit Corporation 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 29th percentile within MI. Charities of a similar size with the same main cause include Hope Harbor Housing Corporation ($75k), Community Alliance Housing Corporation VI ($75k) and Broadwater Place Inc ($74k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 48% and program service revenue 52% of the total. Other salaries and wages came to $4,336. At year end it held assets of $566k against liabilities of $740k, net assets of -$174k.

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.