Exodus Building

Analysis

Exodus Building is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 2011, 15 years ago. 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 July 2023, Exodus Building reported income of $1.5m and spending of $1.6m, spending 106% of what it took in. Across the 4 years on record, from July 2020 to July 2023, income grew from $1.4m to $1.5m (+7.1%), an average of +2.3% a year. The sharpest change came in the year to July 2021, when income rose by 30%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Exodus Building sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Lake Logan Episcopal Center ($1.5m), Keystone Apprenticeship Trust Fund ($1.5m) and The Emmanuel Cancer Foundation Inc ($1.5m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 28% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $91k (5.7% of expenses). Other salaries and wages came to $471k. At year end it held assets of $1.2m against liabilities of $1.2m, net assets of $2,250. It reported 67 employees.