Chigo Adult Foster Care Home

Analysis

Chigo Adult Foster Care Home is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 2012, 14 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Chigo Adult Foster Care Home reported income of $54k and spending of $57k, spending 105% of its income. The sharpest change came in the year to December 2022, when income rose by 110%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chigo Adult Foster Care Home sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 20th percentile within MI. Charities of a similar size with the same main cause include Mobility Worldwide Kansas Moundridge Inc ($54k), Recycling for a Better Tomorrow a Schnitzer Steel Industries Charita ($54k) and Wendell Senior Center ($54k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.

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.