Iccf Nonprofit Housing Corporation

Analysis

Iccf Nonprofit Housing Corporation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 May 2023, Iccf Nonprofit Housing Corporation reported income of $3.4m and spending of $3.4m, spending 100% of its income. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.7m to $3.4m (+25%), an average of +5.8% a year. The sharpest change came in the year to May 2021, when income rose by 37%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Iccf Nonprofit Housing Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Early Learning Property Management Inc ($3.4m), Habitat for Humanity ($3.4m) and Manor Care of Salmon Creek Wa Association ($3.4m).

On its Form 990 for the period ending May 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $268k (7.8% of expenses). Other salaries and wages came to $2.6m. At year end it held assets of $874k against liabilities of $553k, net assets of $321k. It reported 77 employees.