Michiana Benevolent Society Inc

Analysis

Michiana Benevolent Society Inc is a registered charity in United States, based in Bremen, IN. It received its IRS tax-exemption ruling in April 1968, 58 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michiana Benevolent Society Inc reported income of $408k and spending of $421k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $396k to $408k (+3.1%), an average of +0.8% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Michiana Benevolent Society Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within IN. Charities of a similar size with the same main cause include San Miguel Housing Development Fund Company Inc ($408k), Micah 6-8 Initiative ($408k) and Lane Manor RHF Housing Inc ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 94% of the total. Other salaries and wages came to $173k. At year end it held assets of $892k against liabilities of $266k, net assets of $626k. It reported 11 employees.