Meyers Non-Profit Housing Corporation

Analysis

Meyers Non-Profit Housing Corporation is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in February 1996, 30 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 June 2024, Meyers Non-Profit Housing Corporation reported income of $676k and spending of $917k, spending 136% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $647k to $676k (+4.6%), an average of +0.9% a year. Over the whole period it spent 124% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Meyers Non-Profit Housing Corporation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Options Clinic ($676k), Lena Sears Child Development Center ($676k) and Buffalo Trace Childrens Advocacy Center Inc ($676k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 58% and program service revenue 40% of the total. At year end it held assets of $3.2m against liabilities of $369k, net assets of $2.9m.

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.