Northeast Michigan Family Resource Center Inc

Analysis

Northeast Michigan Family Resource Center Inc is a registered charity in United States, based in Alpena, MI. It received its IRS tax-exemption ruling in September 2020, 6 years ago. 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 December 2023, Northeast Michigan Family Resource Center Inc reported income of $1.2m and spending of $1.1m, spending 92% of its income. Across the 4 years on record, from December 2019 to December 2023, income grew from $728k to $1.2m (+64%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 70%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Northeast Michigan Family Resource Center Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Woodlands Swim Team ($1.2m), Youth for Christ USA Inc ($1.2m) and White Horse Village Endowment Fund Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 94% of the total. Other salaries and wages came to $534k. At year end it held assets of $451k against liabilities of $167k, net assets of $284k. It reported 20 employees.