Independent Supportive Housing

Analysis

Independent Supportive Housing is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in February 2008, 18 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, Independent Supportive Housing reported income of $70k and spending of $94k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $73k to $70k (-4.6%), an average of -1.2% a year. Over the whole period it spent 135% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independent Supportive Housing sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 27th percentile within MI. Charities of a similar size with the same main cause include Housing Development for Southwest Colorado ($70k), Prairie Inn Corporation ($70k) and Dezman Fleury Foundation ($70k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 44% of the total. At year end it held assets of $586k against liabilities of $882k, net assets of -$296k.

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.