Grand Traverse Area Independent Non-Profit Housing Corporation

Analysis

Grand Traverse Area Independent Non-Profit Housing Corporation is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in July 1983, 43 years ago. 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, Grand Traverse Area Independent Non-Profit Housing Corporation reported income of $119k and spending of $171k, spending 145% of what it took in. Across the 3 years on record, from December 2018 to December 2023, income fell from $256k to $119k (-54%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 51%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Grand Traverse Area Independent Non-Profit Housing Corporation sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within MI. Charities of a similar size with the same main cause include Band and Orchestra Boosters ($119k), Pop Warner Little Scholars Inc ($119k) and Little League Baseball Inc ($119k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 6.7% and program service revenue 89% of the total. At year end it held assets of $190k against liabilities of $200k, net assets of -$9,328.