Fair Housing Center of Metropolitan Detroit

Analysis

Fair Housing Center of Metropolitan Detroit is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 1977, 49 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 September 2023, Fair Housing Center of Metropolitan Detroit reported income of $752k and spending of $528k, leaving 30% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $582k to $752k (+29%), an average of +6.6% a year. The sharpest change came in the year to September 2022, when income rose by 87%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Fair Housing Center of Metropolitan Detroit sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Heritage Towers of the Christian Church Doc ($751k), St Timothy Manor Inc ($752k) and Saginaw Catholic Mustard Seed Foundation ($750k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 86% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $78k (15% of expenses). Other salaries and wages came to $268k. At year end it held assets of $1.2m against liabilities of $84k, net assets of $1.1m. It reported 8 employees.