Michigan Coalition Against Homelessness

Analysis

Michigan Coalition Against Homelessness is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in June 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Michigan Coalition Against Homelessness reported income of $2.8m and spending of $2.4m, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.9m to $2.8m (+45%), an average of +9.8% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michigan Coalition Against Homelessness sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include Mark Wahlberg Youth Foundation Inc ($2.8m), Hawaii Meals on Wheels Inc ($2.8m) and The Angels Foster Family Agency ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $106k (4.4% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $1.2m against liabilities of $223k, net assets of $948k. It reported 47 employees.