Presbyterian Villages of Michigan

Analysis

Presbyterian Villages of Michigan is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in October 2019, 7 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, Presbyterian Villages of Michigan reported income of $19.0m and spending of $10.1m, leaving 47% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.1m to $19.0m (+212%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 133%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Presbyterian Villages of Michigan sits at the 97th percentile: it is larger than about 97% 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 Southwestern Community Action Council Inc ($18.9m), Community Investments Foundation ($19.0m) and Foothills Gateway Inc ($18.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $2.6m (26% of expenses). Other salaries and wages came to $2.1m. At year end it held assets of $49.3m against liabilities of $8.9m, net assets of $40.4m. It reported 837 employees.