Micah Housing Inc

Analysis

Micah Housing Inc is a registered charity in United States, based in Fairfield, CT. It received its IRS tax-exemption ruling in October 1992, 34 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 September 2023, Micah Housing Inc reported income of $275k and spending of $352k, spending 128% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $236k to $275k (+17%), an average of +3.9% a year. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Micah Housing Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within CT. Charities of a similar size with the same main cause include Torrington Community Housing Corporation ($275k), Habitat for Humanity International Inc ($275k) and Senior Veterans Housing Assoc Inc ($275k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 30% and program service revenue 65% of the total. Other salaries and wages came to $102k. At year end it held assets of $2.7m against liabilities of $3.2m, net assets of -$545k.

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.