Straits Area Services Inc

Analysis

Straits Area Services Inc is a registered charity in United States, based in Cheboygan, MI. It received its IRS tax-exemption ruling in February 2004, 22 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 September 2023, Straits Area Services Inc reported income of $658k and spending of $572k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $744k to $658k (-12%), an average of -3.0% a year. The sharpest change came in the year to September 2021, when income rose by 65%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Straits Area Services Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Heart of Boardwalk ($658k), Gloucester Celebration Corporation ($658k) and Greater St Paul Day Care & Academy Inc ($658k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 90% and program service revenue 9.4% of the total. Other salaries and wages came to $331k. At year end it held assets of $796k against liabilities of $30k, net assets of $767k. It reported 43 employees.