Midland Kings Daughters Home of Michigan

Analysis

Midland Kings Daughters Home of Michigan is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in January 1949, 77 years ago. 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 December 2023, Midland Kings Daughters Home of Michigan reported income of $4.6m and spending of $5.2m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $4.6m (+3.9%), an average of +1.0% a year. The sharpest change came in the year to December 2021, when income rose by 23%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Midland Kings Daughters Home of Michigan sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Finger Lakes Community College Association Inc ($4.6m), Walker Senior Services Inc ($4.6m) and Make-A Wish Foundation of San Diego Inc ($4.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $186k (3.5% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $2.7m against liabilities of $68k, net assets of $2.6m. It reported 141 employees.