Housing Services Mid Michigan

Analysis

Housing Services Mid Michigan is a registered charity in United States, based in Charlotte, MI. It received its IRS tax-exemption ruling in January 1996, 30 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 May 2023, Housing Services Mid Michigan reported income of $4.7m and spending of $5.6m, spending 119% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $2.0m to $4.7m (+132%), an average of +24% a year. The sharpest change came in the year to May 2022, when income rose by 192%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Services Mid Michigan sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Esperanza Housing and Community Development Corporation ($4.7m), Person Centered Housing Options ($4.7m) and Arkansas Sheriffs Youth Ranches Inc ($4.7m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $97k (1.7% of expenses). Other salaries and wages came to $658k. At year end it held assets of $1.1m against liabilities of $218k, net assets of $854k. It reported 33 employees.