Southwest Michigan Community Action Agency

Analysis

Southwest Michigan Community Action Agency is a registered charity in United States, based in Benton Harbor, MI. It received its IRS tax-exemption ruling in May 1985, 41 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Southwest Michigan Community Action Agency reported income of $4.7m and spending of $4.8m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.1m to $4.7m (+14%), an average of +3.4% a year. The sharpest change came in the year to September 2023, when income dropped by 42%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Southwest Michigan Community Action Agency sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Futures Rehabilitation Center Inc ($4.7m), Wheeler Creek Community Development Corporation ($4.7m) and Hampden County Career Center Inc ($4.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $101k (2.1% of expenses). Other salaries and wages came to $834k. At year end it held assets of $1.3m against liabilities of $748k, net assets of $537k. It reported 31 employees.