Level Acres Nonprofit Housing Corporation

Analysis

Level Acres Nonprofit Housing Corporation is a registered charity in United States, based in Kalkaska, MI. It received its IRS tax-exemption ruling in December 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 December 2023, Level Acres Nonprofit Housing Corporation reported income of $265k and spending of $249k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $238k to $265k (+11%), an average of +2.7% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Level Acres Nonprofit Housing Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Saginaw Village Associates Inc ($265k), Banneker Homes Inc John Stewart Company ($265k) and SNHS Greenfield Elderly Housing Inc ($265k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $49k. At year end it held assets of $594k against liabilities of $22k, net assets of $572k.