Charles O Miles Senior Non Profit Housing Corporation

Analysis

Charles O Miles Senior Non Profit Housing Corporation is a registered charity in United States, based in Ecorse, MI. It received its IRS tax-exemption ruling in October 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, Charles O Miles Senior Non Profit Housing Corporation reported income of $326k and spending of $409k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $298k to $326k (+9.5%), an average of +2.3% a year. Over the whole period it spent 142% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Charles O Miles Senior Non Profit Housing Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within MI. Charities of a similar size with the same main cause include Lackawanna Housing Development Corporation ($326k), Bethesda House Inc ($326k) and Walnut Village Inc ($325k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. At year end it held assets of $1.7m against liabilities of $3.6m, net assets of -$1.9m. It reported 2 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.