Kalamazoo Neighborhood Housing Services Inc

Analysis

Kalamazoo Neighborhood Housing Services Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in March 1982, 44 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, Kalamazoo Neighborhood Housing Services Inc reported income of $3.9m and spending of $4.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.9m (+111%), an average of +20% a year. The sharpest change came in the year to December 2021, when income rose by 60%. Over the whole period it spent 95% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kalamazoo Neighborhood Housing Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Village Square Housing Corporation ($3.9m), Habitat for Humanity International Inc ($3.9m) and Ame Zion Trinity Housing Development Fund Co Inc ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 102% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $131k (3.1% of expenses). Other salaries and wages came to $961k. At year end it held assets of $6.7m against liabilities of $2.7m, net assets of $4.0m. It reported 17 employees.