Idlewild Housing Corporation

Analysis

Idlewild Housing Corporation is a registered charity in United States, based in Idlewild, MI. It received its IRS tax-exemption ruling in January 1982, 44 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 2023, Idlewild Housing Corporation reported income of $214k and spending of $184k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $191k to $214k (+12%), an average of +2.9% a year. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Idlewild Housing Corporation sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 55th percentile within MI. Charities of a similar size with the same main cause include Mobile Community Homes Inc ($214k), Servants of the Cross ($214k) and Parent Booster USA Inc ($214k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 41% of the total. At year end it held assets of $307k against liabilities of $656k, net assets of -$349k.