Teaching Family Homes of Upper Michigan

Analysis

Teaching Family Homes of Upper Michigan is a registered charity in United States, based in Marquette, MI. It received its IRS tax-exemption ruling in March 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Teaching Family Homes of Upper Michigan reported income of $4.1m and spending of $3.4m, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.6m to $4.1m (-9.2%), an average of -2.4% a year. The sharpest change came in the year to September 2020, when income dropped by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Teaching Family Homes of Upper Michigan 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 Resource and Crisis Center of Galveston County ($4.1m), Up Valley Family Centers of Napa County ($4.1m) and Manitowoc-Two Rivers YMCA Inc ($4.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $86k (2.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.0m against liabilities of $2.4m, net assets of $634k. It reported 83 employees.