Packard Group Incorporated

Analysis

Packard Group Incorporated is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in February 1989, 37 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, Packard Group Incorporated reported income of $3.9m and spending of $3.8m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.0m to $3.9m (+31%), an average of +6.9% a year. The sharpest change came in the year to September 2022, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Packard Group Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Pike Market Senior Center ($3.9m), Chippewa River Industries Inc ($3.9m) and Nurses for Newborns ($3.9m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.4m. At year end it held assets of $1.6m against liabilities of $134k, net assets of $1.4m. It reported 79 employees.