Perfect Place Drop-In Center Inc

Analysis

Perfect Place Drop-In Center Inc is a registered charity in United States, based in Southgate, MI. It received its IRS tax-exemption ruling in November 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Perfect Place Drop-In Center Inc reported income of $1.3m and spending of $1.1m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $491k to $1.3m (+159%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 59%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Perfect Place Drop-In Center Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Ntnu Heritage Foundation of North America ($1.3m), Disability Service Provider Network Inc ($1.3m) and Immigrant Connection Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $110k (10% of expenses). Other salaries and wages came to $224k. At year end it held assets of $261k against liabilities of $250k, net assets of $11k. It reported 15 employees.