Home Repair Services of Kent County Inc

Analysis

Home Repair Services of Kent County Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in November 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 June 2023, Home Repair Services of Kent County Inc reported income of $3.8m and spending of $3.7m, spending 98% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.6m to $3.8m (+47%), an average of +10% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Home Repair Services of Kent County Inc sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Matinecock Court Housing Development Fund Corp ($3.8m), 89 South Care Support Inc ($3.8m) and Troy Rehabilitation and Improvement Program Inc ($3.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 51% and program service revenue 47% of the total. Compensation of current officers, directors and key employees was $98k (2.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $2.7m against liabilities of $267k, net assets of $2.5m. It reported 32 employees.