Community AIDS Resource & Education Services of Southwest Michigan

Analysis

Community AIDS Resource & Education Services of Southwest Michigan is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in February 1993, 33 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 September 2023, Community AIDS Resource & Education Services of Southwest Michigan reported income of $4.8m and spending of $4.6m, spending 96% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.0m to $4.8m (+59%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Community AIDS Resource & Education Services of Southwest Michigan 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 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Your Health Clinic ($4.8m), Care-Net of Lancaster ($4.8m) and Monique Inc ($4.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 43% and program service revenue 57% of the total. Compensation of current officers, directors and key employees was $109k (2.4% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $3.0m against liabilities of $879k, net assets of $2.1m. It reported 36 employees.