Grand Marais Citizens Housing Authority Inc

Analysis

Grand Marais Citizens Housing Authority Inc is a registered charity in United States, based in Escanaba, MI. It received its IRS tax-exemption ruling in February 1998, 28 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 December 2023, Grand Marais Citizens Housing Authority Inc reported income of $137k and spending of $137k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $137k (+2.2%), an average of +2.2% a year. Over the whole period it spent 94% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Grand Marais Citizens Housing Authority Inc sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include Second Chance Recovery Center Inc ($137k), Bridge Housing Corporation ($137k) and Landmark Court Inc ($137k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $140k against liabilities of $540k, net assets of -$400k.