Mich Interfaith Housing Corp Inc

Analysis

Mich Interfaith Housing Corp Inc is a registered charity in United States, based in Marinette, WI. It received its IRS tax-exemption ruling in March 1980, 46 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, Mich Interfaith Housing Corp Inc reported income of $497k and spending of $494k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $468k to $497k (+6.3%), an average of +1.5% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mich Interfaith Housing Corp Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within WI. Charities of a similar size with the same main cause include Foundations for Living ($497k), Hillcrest Senior Housing Corporation ($498k) and Blue Triangle Multicultural Association Inc ($497k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 96% of the total. Other salaries and wages came to $74k. At year end it held assets of $1.2m against liabilities of $1.6m, net assets of -$387k. It reported 4 employees.