Propylon Nonprofit Housing Corp

Analysis

Propylon Nonprofit Housing Corp is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in February 1979, 47 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 December 2023, Propylon Nonprofit Housing Corp reported income of $210k and spending of $186k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $173k to $210k (+22%), an average of +5.0% a year. Over the whole period it spent 89% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Propylon Nonprofit Housing Corp sits at the 39th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Mi Casa Housing Development Fund Corp ($210k), Midland Parker Place Inc ($210k) and Community Orginzation of Southern Brooklyn Inc ($210k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 87% of the total. Other salaries and wages came to $43k. At year end it held assets of $476k against liabilities of $206k, net assets of $270k.