Northwest Michigan Community Action Agency Inc

Analysis

Northwest Michigan Community Action Agency Inc is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Northwest Michigan Community Action Agency Inc reported income of $26.5m and spending of $26.2m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $19.8m to $26.5m (+34%), an average of +7.6% a year. The sharpest change came in the year to September 2021, when income rose by 26%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northwest Michigan Community Action Agency Inc 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 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include Resource Exchange Inc ($26.5m), Food Bank for Larimer County ($26.5m) and Indiana Youth Institute Inc ($26.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 1.3% of the total. Compensation of current officers, directors and key employees was $200k (0.8% of expenses). Other salaries and wages came to $11.5m. At year end it held assets of $9.3m against liabilities of $2.7m, net assets of $6.6m. It reported 402 employees.