Hume Home of Muskegon

Analysis

Hume Home of Muskegon is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 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, Hume Home of Muskegon reported income of $1.1m and spending of $1.2m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $1.1m (-4.5%), an average of -1.1% a year. The sharpest change came in the year to December 2023, when income rose by 28%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hume Home of Muskegon sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Hope Day School ($1.1m), Six Points Evaluation and Training Inc ($1.1m) and Gospel Rescue Mission of Grants Pass ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.2% and program service revenue 98% of the total. Other salaries and wages came to $693k. At year end it held assets of $2.0m against liabilities of $139k, net assets of $1.8m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.