Henrys Inc

Analysis

Henrys Inc is a registered charity in United States, based in Redford, MI. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Henrys Inc reported income of $1.8m and spending of $1.9m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.8m (+21%), an average of +4.9% a year. Over the whole period it spent 108% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Henrys Inc sits at the 82nd percentile: it is larger than about 82% 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 Nutley Family Service Bureau Inc ($1.8m), St Marys Home for Mothers Inc ($1.8m) and Disability Network Capital Area ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $144k (7.7% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $55k against liabilities of $271k, net assets of -$216k. It reported 37 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.