Macomb Residential Opportunties Inc

Analysis

Macomb Residential Opportunties Inc is a registered charity in United States, based in Mount Clemens, MI. It received its IRS tax-exemption ruling in July 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 September 2023, Macomb Residential Opportunties Inc reported income of $11.3m and spending of $11.4m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $9.4m to $11.3m (+20%), an average of +4.8% a year. The sharpest change came in the year to September 2023, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Macomb Residential Opportunties Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within MI. Charities of a similar size with the same main cause include Veterans Leadership Program of Western Pennsylvania Inc ($11.3m), National Church Residences ($11.3m) and Senior Citizens Housing Development Corporation of Fontana ($11.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $143k (1.3% of expenses). Other salaries and wages came to $8.3m. At year end it held assets of $4.1m against liabilities of $1.3m, net assets of $2.9m. It reported 307 employees.