Housing Opportunities Made Equal of Mackinac County

Analysis

Housing Opportunities Made Equal of Mackinac County is a registered charity in United States, based in Saint Ignace, MI. It received its IRS tax-exemption ruling in October 1997, 29 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, Housing Opportunities Made Equal of Mackinac County reported income of $204k and spending of $139k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $134k to $204k (+52%), an average of +11% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 82% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Opportunities Made Equal of Mackinac County sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Lilys House ($204k), Garden Court ($204k) and Kennebunkport Heritage Housing Trust ($204k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $53k (38% of expenses). Other salaries and wages came to $52k. At year end it held assets of $175k against liabilities of $12k, net assets of $163k. It reported 3 employees.