Presbyterian Villages of Michigan Foundation

Analysis

Presbyterian Villages of Michigan Foundation is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in February 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Presbyterian Villages of Michigan Foundation reported income of $3.3m and spending of $5.8m, spending 175% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.3m (-14%), an average of -3.7% a year. The sharpest change came in the year to December 2021, when income rose by 122%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Villages of Michigan Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Committee on Aging for Randolph ($3.3m), Transformations by Austin Angels ($3.3m) and Outreach-Center for Community Resources ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Other salaries and wages came to $498k. It paid $62k in professional fundraising fees. At year end it held assets of $25.4m against liabilities of $438k, net assets of $25.0m. It reported 7 employees.