Kalamazoo Family Nonprofit Housing Corporation

Analysis

Kalamazoo Family Nonprofit Housing Corporation is a registered charity in United States, based in Portage, MI. It received its IRS tax-exemption ruling in February 2014, 12 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, Kalamazoo Family Nonprofit Housing Corporation reported income of $91k and spending of $125k, spending 137% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $91k (+23%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kalamazoo Family Nonprofit Housing Corporation sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include Maxcen Housing Society Maryland Branch Inc ($91k), Mountainview Homes for Elderly Inc ($91k) and LSS Housing Granville Inc ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 28% of the total. At year end it held assets of $749k against liabilities of $690k, net assets of $59k.