The Kalamazoo Area Christian Retirement Association Inc

Analysis

The Kalamazoo Area Christian Retirement Association Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in August 1983, 43 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Kalamazoo Area Christian Retirement Association Inc reported income of $6.1m and spending of $6.7m, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $8.4m to $6.1m (-27%), an average of -7.6% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Kalamazoo Area Christian Retirement Association Inc 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 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Emerald Communities C O Aland Chambard ($6.1m), Residential Energy Assistance Partnership Inc ($6.1m) and Aging Resources of Central Ia ($6.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $158k (2.4% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $8.6m against liabilities of $3.3m, net assets of $5.3m. It reported 175 employees.