Catholic Family Services Nonprofit Housing Corporation

Analysis

Catholic Family Services Nonprofit Housing Corporation is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in March 1946, 80 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Catholic Family Services Nonprofit Housing Corporation reported income of $88k and spending of $94k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $72k to $88k (+22%), an average of +5.2% a year. Over the whole period it spent 114% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Catholic Family Services Nonprofit Housing Corporation sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 33rd percentile within MI. Charities of a similar size with the same main cause include Retired Investigators Guild ($88k), PTA California Congress of Parents Teachers & Students Inc ($88k) and Pennsylvania Geriatrics Society - Western Division ($88k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 28% of the total. Other salaries and wages came to $460. At year end it held assets of $1.1m against liabilities of $974k, net assets of $164k.

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.