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Incorporation to Maximize Personal

RegisteredEIN 38-2230613Port Huron, MIPoverty relief
Income$7.2m2023-09
Spending$6.9msame year
Spent / received95%5-year average
Size in its cause93rd pctPoverty relief
Exempt since1982Publicly supported organisat
Employees162latest return

Analysis

Incorporation to Maximize Personal is a registered charity in United States, based in Port Huron, MI. It received its IRS tax-exemption ruling in June 1982, 44 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, Incorporation to Maximize Personal reported income of $7.2m and spending of $6.9m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.8m to $7.2m (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2020, when income rose by 15%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Incorporation to Maximize Personal sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Shore Community Services Inc ($7.2m), Siouxland Human Investment Partnership Inc ($7.2m) and Golden Corridor Family YMCA ($7.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.3% and program service revenue 93% of the total. Compensation of current officers, directors and key employees was $154k (2.2% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $5.7m against liabilities of $965k, net assets of $4.7m. It reported 162 employees.

Income and spending

$0$1.8m$3.6m$5.4m$7.2m2019 Income: $5,817,7882019 Spending: $5,640,91820192020 Income: $6,690,5172020 Spending: $6,351,06120202021 Income: $6,887,7222021 Spending: $6,415,74420212022 Income: $6,973,6732022 Spending: $6,451,46520222023 Income: $7,202,9602023 Spending: $6,937,7902023
IncomeSpending

Where the income comes from

  • Contributions & grants 6.3%
  • Program services 93%
  • Other 0.9%

Similar-sized charities, same cause

CharityLocationIncome
Shore Community Services IncSkokie$7.2m
Siouxland Human Investment Partnership IncSioux City$7.2m
Golden Corridor Family YMCASchaumburg$7.2m
Many Hands for HaitiPella$7.2m