Evangelical Homes of Michigan

Analysis

Evangelical Homes of Michigan is a registered charity in United States, based in Saline, MI. It received its IRS tax-exemption ruling in August 1946, 80 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 April 2023, Evangelical Homes of Michigan reported income of $32.3m and spending of $33.5m, spending 103% of its income. Across the 5 years on record, from April 2019 to April 2023, income fell from $41.8m to $32.3m (-23%), an average of -6.2% a year. The sharpest change came in the year to April 2020, when income dropped by 17%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Evangelical Homes of Michigan sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Manor Park Inc ($32.3m), East Ridge Retirement Village Inc ($32.4m) and Choices Coordinated Care Solutions Inc ($32.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 4.6% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $571k (1.7% of expenses). Other salaries and wages came to $15.1m. At year end it held assets of $51.4m against liabilities of $47.9m, net assets of $3.5m. It reported 466 employees.