First Presbyterian Church Housing Corporation

Analysis

First Presbyterian Church Housing Corporation is a registered charity in United States, based in Warren, MI. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, First Presbyterian Church Housing Corporation reported income of $563k and spending of $667k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $532k to $563k (+5.7%), an average of +1.4% a year. Over the whole period it spent 118% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Presbyterian Church Housing Corporation sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include Bless Your Heart Nonprofit Corporation ($563k), Alabaster Jar Project ($563k) and Love N Care Ministries U S a ($563k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $53k (7.9% of expenses). Other salaries and wages came to $93k. At year end it held assets of $2.8m against liabilities of $5.4m, net assets of -$2.6m. It reported 3 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.