Kalamazoo Area Housing Corporation

Analysis

Kalamazoo Area Housing Corporation is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in August 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, Kalamazoo Area Housing Corporation reported income of $51k and spending of $26k, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $44k to $51k (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 61%. Over the whole period it spent 46% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Kalamazoo Area Housing Corporation sits at the 11th percentile: it is larger than about 11% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within MI. Charities of a similar size with the same main cause include Arc Cape May Housing Inc ($51k), Venturedevelopment2004inc ($51k) and Community Apartments Corporation of Carteret County ($51k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.0m against liabilities of $1.3m, net assets of $727k.