Ecorse Non-Profit Housing Corp

Analysis

Ecorse Non-Profit Housing Corp is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in January 1991, 35 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Ecorse Non-Profit Housing Corp reported income of $703k and spending of $828k, spending 118% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $575k to $703k (+22%), an average of +4.1% a year. Over the whole period it spent 122% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Ecorse Non-Profit Housing Corp sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Baby Steps ($703k), Tierra Contenta Corporation ($704k) and Agape Housing Inc ($703k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 52% and program service revenue 47% of the total. At year end it held assets of $2.3m against liabilities of $281k, net assets of $2.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.