BGC I Nonprofit Housing Corporation

Analysis

BGC I Nonprofit Housing Corporation is a registered charity in United States, based in Okemos, MI. It received its IRS tax-exemption ruling in March 1993, 33 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, BGC I Nonprofit Housing Corporation reported income of $1.7m and spending of $1.5m, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+14%), an average of +3.4% 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, BGC I Nonprofit Housing Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Partnership for Strong Communities Inc ($1.7m), Habitat for Humanity International Inc ($1.7m) and Shamrock Foundation Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $4.3m against liabilities of $5.9m, net assets of -$1.6m.