Pontiac Non-Profit Housing Corporation

Analysis

Pontiac Non-Profit Housing Corporation is a registered charity in United States, based in Fort Gratiot, MI. It received its IRS tax-exemption ruling in May 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 December 2023, Pontiac Non-Profit Housing Corporation reported income of $271k and spending of $224k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $174k to $271k (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Pontiac Non-Profit Housing Corporation sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Chippewa Lutheran Housingcorporation ($271k), Jerald H Merrill Senior Housing Corporation ($271k) and Rural Housing Inc ($271k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 30% of the total. At year end it held assets of $1.1m against liabilities of $104k, net assets of $976k.