Northeastern Michigan Rehabilitation and Opportunity Cen

Analysis

Northeastern Michigan Rehabilitation and Opportunity Cen is a registered charity in United States, based in Alpena, MI. It received its IRS tax-exemption ruling in June 1970, 56 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, Northeastern Michigan Rehabilitation and Opportunity Cen reported income of $2.6m and spending of $3.1m, spending 117% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.8m to $2.6m (-4.9%), an average of -1.3% a year. The sharpest change came in the year to September 2023, when income dropped by 21%. Over the whole period it spent 95% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Northeastern Michigan Rehabilitation and Opportunity Cen sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MI. Charities of a similar size with the same main cause include Muscatine Center for Social Action ($2.6m), Community Redevelopment Loan and Investment Fund Inc ($2.6m) and Institute for Advanced Learning and Research Foundation ($2.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.3% and program service revenue 21% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $4.8m against liabilities of $1.6m, net assets of $3.2m. It reported 170 employees.