West Genesee Apartments Nonprofit Housing Corporation

Analysis

West Genesee Apartments Nonprofit Housing Corporation is a registered charity in United States, based in Fort Gratiot, MI. It received its IRS tax-exemption ruling in February 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 December 2023, West Genesee Apartments Nonprofit Housing Corporation reported income of $138k and spending of $127k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $90k to $138k (+54%), an average of +12% a year. The sharpest change came in the year to December 2022, when income rose by 29%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, West Genesee Apartments Nonprofit Housing Corporation sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within MI. Charities of a similar size with the same main cause include Compassionate Hearts Network Inc ($138k), Friends of Infant-Toddler Services of Johnson County Inc ($138k) and Reclaim Life Inc ($138k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 36% of the total. At year end it held assets of $471k against liabilities of $9,190, net assets of $461k.