Methodist Childrens Home Society

Analysis

Methodist Childrens Home Society is a registered charity in United States, based in Redford, MI. It received its IRS tax-exemption ruling in April 1941, 85 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Methodist Childrens Home Society reported income of $17.3m and spending of $15.7m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $12.1m to $17.3m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Methodist Childrens Home Society sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include University of Alabama Ophthalmology Services Foundation ($17.3m), Family Eldercare Inc ($17.4m) and Lesbian and Gay Community Services Center Inc ($17.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $702k (4.5% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $26.2m against liabilities of $4.6m, net assets of $21.6m. It reported 262 employees.