Perry Farm Development Co

Analysis

Perry Farm Development Co is a registered charity in United States, based in Harbor SPGS, MI. It received its IRS tax-exemption ruling in August 2004, 22 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, Perry Farm Development Co reported income of $2.6m and spending of $2.6m, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.6m (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 85%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Perry Farm Development Co sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Reflection Ministries of Texas Inc ($2.6m), Habitat for Humanity International Inc ($2.6m) and St Giles Manor Incorporated ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.0% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $70k (2.6% of expenses). Other salaries and wages came to $895k. At year end it held assets of $1.2m against liabilities of $801k, net assets of $359k. It reported 48 employees.