Martin Chapel Housing Corporation

Analysis

Martin Chapel Housing Corporation is a registered charity in United States, based in Clinton Township, MI. It received its IRS tax-exemption ruling in July 1979, 47 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 2022, Martin Chapel Housing Corporation reported income of $1.3m and spending of $1.3m, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.3m to $1.3m (+4.4%), an average of +1.4% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Martin Chapel Housing Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include City of Plano Swimmers Inc ($1.3m), Emmonak Womens Shelter ($1.3m) and Valdez Native Tribe ($1.3m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 76% and program service revenue 23% of the total. At year end it held assets of $1.8m against liabilities of $3.3m, net assets of -$1.5m.