Midwest Association of Housing Cooperatives

Analysis

Midwest Association of Housing Cooperatives is a registered charity in United States, based in Taylor, MI. It received its IRS tax-exemption ruling in November 1976, 50 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 2022, Midwest Association of Housing Cooperatives reported income of $241k and spending of $234k, spending 97% of its income. Across the 3 years on record, from December 2019 to December 2022, income fell from $311k to $241k (-22%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Midwest Association of Housing Cooperatives sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Edgecomb Woods ($241k), Udist Josephs Inc ($241k) and Chenango Housing Development Fund Corporation ($241k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 26% and program service revenue 74% of the total. At year end it held assets of $63k against liabilities of $56k, net assets of $6,608. It reported 2 employees.