Kalamazoo Collective Housing

Analysis

Kalamazoo Collective Housing is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in December 2009, 17 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, Kalamazoo Collective Housing reported income of $414k and spending of $329k, leaving 21% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $361k to $414k (+15%), an average of +4.7% a year. The sharpest change came in the year to June 2022, when income rose by 22%. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kalamazoo Collective Housing sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Masonic Retirement Village of Taylor Mill Inc ($414k), Our Neighbors Inc ($415k) and Pocono Area Transitional Housing Inc ($414k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 63% and program service revenue 38% of the total. Compensation of current officers, directors and key employees was $36k (11% of expenses). Other salaries and wages came to $31k. At year end it held assets of $1.3m against liabilities of $160k, net assets of $1.1m. It reported 3 employees.