Delta Manor Inc a Non-Profit Housing Corp

Analysis

Delta Manor Inc a Non-Profit Housing Corp is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in January 1988, 38 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 December 2023, Delta Manor Inc a Non-Profit Housing Corp reported income of $1.2m and spending of $1.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.2m (+7.1%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income dropped by 25%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Delta Manor Inc a Non-Profit Housing Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within MI. Charities of a similar size with the same main cause include Diakon ($1.2m), Institute for Spirituality and Health at the Texas Medical Center ($1.2m) and South San Jose Youth Soccer League ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 30% of the total. Other salaries and wages came to $116k. At year end it held assets of $1.7m against liabilities of $4.3m, net assets of -$2.7m.