Plymouth Housing Corporation

Analysis

Plymouth Housing Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 1973, 53 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Plymouth Housing Corporation reported income of $1.9m and spending of $1.9m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.9m (-11%), an average of -3.0% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Plymouth Housing Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.9m), I-Reach 2 ($1.9m) and A Kornegay Senior Houses Housing Development Fund Corporation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $156k. At year end it held assets of $1.9m against liabilities of $235k, net assets of $1.7m. It reported 4 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.