Habitat for Humanity Detroit

Analysis

Habitat for Humanity Detroit is a registered charity in United States, based in Detroit, 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 March 2023, Habitat for Humanity Detroit reported income of $2.2m and spending of $1.8m, spending 83% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $1.2m to $2.2m (+77%), an average of +15% a year. The sharpest change came in the year to March 2023, when income rose by 96%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Habitat for Humanity Detroit sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Kimberly Home Inc ($2.2m), Chateau de Notre Dame Facilities Corporation ($2.2m) and Adams Montessori School Inc ($2.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 56% and program service revenue 42% of the total. Compensation of current officers, directors and key employees was $137k (7.6% of expenses). Other salaries and wages came to $384k. At year end it held assets of $3.0m against liabilities of $62k, net assets of $2.9m. It reported 8 employees.