BGC Nonprofit Housing Corporation

Analysis

BGC Nonprofit Housing Corporation is a registered charity in United States, based in Okemos, MI. It received its IRS tax-exemption ruling in November 1992, 34 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, BGC Nonprofit Housing Corporation reported income of $1.9m and spending of $4.7m, spending 242% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.7m to $1.9m (+12%), an average of +2.9% a year. Over the whole period it spent 124% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, BGC Nonprofit Housing Corporation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Green Rural Redevelopment Inc ($1.9m), Stone Soup Group ($1.9m) and LP Wind Up Corporation ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $6.6m against liabilities of $6.5m, net assets of $101k.