Northwest Michigan Supportive Housing

Analysis

Northwest Michigan Supportive Housing is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in December 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 December 2023, Northwest Michigan Supportive Housing reported income of $935k and spending of $949k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $717k to $935k (+31%), an average of +6.9% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Northwest Michigan Supportive Housing sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MI. Charities of a similar size with the same main cause include Gap Connections Inc ($935k), Joyland Child Development Center Inc ($936k) and Ignatian Spirituality Center Inc ($935k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $54k (5.7% of expenses). Other salaries and wages came to $161k. At year end it held assets of $1.2m against liabilities of $71k, net assets of $1.1m. It reported 7 employees.