Heritage Community of Kalamazoo

Analysis

Heritage Community of Kalamazoo is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in June 1988, 38 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Heritage Community of Kalamazoo reported income of $6.1m and spending of $5.5m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $6.1m (+61%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 34%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Heritage Community of Kalamazoo sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 93rd percentile within MI. Charities of a similar size with the same main cause include Womens Foundation of Colorado Inc ($6.1m), Child Care Coalition of the Niag Frontier Inc ($6.1m) and Special Care for Families and Childrens Services Inc ($6.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.8% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $969k (18% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $5.6m against liabilities of $10.1m, net assets of -$4.5m. It reported 66 employees.