Ferry Street Resource Center Inc

Analysis

Ferry Street Resource Center Inc is a registered charity in United States, based in Niles, MI. It received its IRS tax-exemption ruling in December 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Ferry Street Resource Center Inc reported income of $126k and spending of $254k, spending 201% of what it took in. Across the 3 years on record, from June 2021 to June 2024, income fell from $216k to $126k (-42%), an average of -24% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Ferry Street Resource Center Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within MI. Charities of a similar size with the same main cause include Washington Square Legal Services Inc ($126k), Norfolk State University Alumni Association Incorporated ($126k) and New Birth Fellowship Christian Academy Inc ($126k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $381k against liabilities of $0, net assets of $381k.