First Community Ame Housing Inc

Analysis

First Community Ame Housing Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in September 1989, 37 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, First Community Ame Housing Inc reported income of $284k and spending of $222k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $233k to $284k (+22%), an average of +5.1% a year. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, First Community Ame Housing Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Asi Roseville Inc ($284k), Safe Space Winter Shelter Inc ($284k) and Disciples Housing of New Albany Indiana Inc ($284k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.6% and program service revenue 92% of the total. Other salaries and wages came to $65k. At year end it held assets of $278k against liabilities of $692k, net assets of -$415k.