Cleave Non-Profit Housing Corporation

Analysis

Cleave Non-Profit Housing Corporation is a registered charity in United States, based in Waterford, MI. It received its IRS tax-exemption ruling in September 1981, 45 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 December 2023, Cleave Non-Profit Housing Corporation reported income of $114k and spending of $104k, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $114k to $114k (-0.0%), an average of +-0.0% a year. Over the whole period it spent 79% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Cleave Non-Profit Housing Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 40th percentile within MI. Charities of a similar size with the same main cause include Beltrami County Historical Society ($114k), Commission Ministries Inc ($114k) and West Sacramento Swim Team Inc ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 57% of the total. At year end it held assets of $331k against liabilities of $11k, net assets of $320k.