Kent County Habitat for Humanity

Analysis

Kent County Habitat for Humanity is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in January 1987, 39 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 June 2023, Kent County Habitat for Humanity reported income of $7.6m and spending of $7.4m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $10.9m to $7.6m (-30%), an average of -8.5% a year. The sharpest change came in the year to June 2020, when income dropped by 48%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kent County Habitat for Humanity sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include Venture ($7.6m), Equestrian Events Inc ($7.6m) and Young Mens Christian Association of the Sewickley Valley ($7.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 34% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $262k (3.5% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $19.2m against liabilities of $2.4m, net assets of $16.8m. It reported 62 employees.