Michigan Itinerant Shelter Sytem Interdependent Out of Necessity

Analysis

Michigan Itinerant Shelter Sytem Interdependent Out of Necessity is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in July 2010, 16 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 December 2023, Michigan Itinerant Shelter Sytem Interdependent Out of Necessity reported income of $647k and spending of $601k, spending 93% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $401k to $647k (+61%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 73% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Michigan Itinerant Shelter Sytem Interdependent Out of Necessity sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Blackstone Housing Corporation Joseph D Early Village ($647k), Maof Properties Inc ($647k) and Aberdeen Senior Housing Inc ($647k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. It paid $163 in professional fundraising fees. At year end it held assets of $599k against liabilities of $62k, net assets of $537k.