Interfaith Homes of Kalamazoo Inc

Analysis

Interfaith Homes of Kalamazoo Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in July 1978, 48 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Interfaith Homes of Kalamazoo Inc reported income of $2.7m and spending of $2.7m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.4m to $2.7m (+11%), an average of +2.7% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Interfaith Homes of Kalamazoo Inc sits at the 85th percentile: it is larger than about 85% 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 Partnership Housing Inc ($2.7m), Herman L Anderson Inc ($2.7m) and Woodland Ridge Senior Living Inc ($2.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 81% and program service revenue 19% of the total. Other salaries and wages came to $561k. At year end it held assets of $3.8m against liabilities of $1.0m, net assets of $2.8m.