Perrperry Lake Nonprofit Housing

Analysis

Perrperry Lake Nonprofit Housing is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in September 2000, 26 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, Perrperry Lake Nonprofit Housing reported income of $78k and spending of $84k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $77k to $78k (+2.2%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income dropped by 16%. Over the whole period it spent 106% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Perrperry Lake Nonprofit Housing sits at the 17th percentile: it is larger than about 17% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 30th percentile within MI. Charities of a similar size with the same main cause include Falls Village Housing Trust Inc ($78k), Exodus Ministries ($78k) and Papas House Inc ($78k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 29% of the total. At year end it held assets of $458k against liabilities of $611k, net assets of -$153k.

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.