Chrysalis Developmental Homes Inc

Analysis

Chrysalis Developmental Homes Inc is a registered charity in United States, based in Southgate, MI. It received its IRS tax-exemption ruling in December 1984, 42 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, Chrysalis Developmental Homes Inc reported income of $1.6m and spending of $1.7m, spending 106% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.9m to $1.6m (-12%), an average of -3.1% a year. The sharpest change came in the year to September 2022, when income dropped by 15%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Chrysalis Developmental Homes Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Baby Bundles ($1.6m), Camp Blue Skies Foundation ($1.6m) and Fostering Media Connections ($1.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $119k (6.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $78k against liabilities of $102k, net assets of -$24k. It reported 59 employees.