Michigan Christian Home

Analysis

Michigan Christian Home is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 1963, 63 years ago. 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 March 2023, Michigan Christian Home reported income of $21.0m and spending of $21.6m, spending 103% of its income. Across the 4 years on record, from March 2020 to March 2023, income grew from $15.4m to $21.0m (+36%), an average of +11% a year. The sharpest change came in the year to March 2021, when income rose by 16%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michigan Christian Home 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 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Holy Family Senior Living ($20.9m), Holyoke Chicopee Springfield Head Start Inc ($21.0m) and Incarnate Word Retirement Community Inc ($20.9m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 5.7% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $510k (2.4% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $91.9m against liabilities of $111.6m, net assets of -$19.7m. It reported 346 employees.

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.