H G a Nonprofit Homes Inc

Analysis

H G a Nonprofit Homes Inc is a registered charity in United States, based in Norton Shores, MI. It received its IRS tax-exemption ruling in June 1980, 46 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 September 2023, H G a Nonprofit Homes Inc reported income of $6.1m and spending of $5.5m, spending 91% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.8m to $6.1m (+5.5%), an average of +1.4% a year. The sharpest change came in the year to September 2021, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, H G a Nonprofit Homes Inc 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 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Madison Highland Prep ($6.1m), Big Brothers Big Sisters Kansas City ($6.1m) and Killington Mountain School Inc ($6.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $76k (1.4% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $4.1m against liabilities of $872k, net assets of $3.2m. It reported 317 employees.