Keystone Place Inc

Analysis

Keystone Place Inc is a registered charity in United States, based in Centreville, MI. It received its IRS tax-exemption ruling in August 2001, 25 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, Keystone Place Inc reported income of $1.1m and spending of $885k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.1m (+6.3%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 207%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Keystone Place Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within MI. Charities of a similar size with the same main cause include Nixon Home Care ($1.1m), Palm Terrace Interfaith Housing Corp ($1.1m) and 18th & Wabash Corp ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (9.3% of expenses). Other salaries and wages came to $129k. It paid $1,825 in professional fundraising fees. At year end it held assets of $686k against liabilities of $60k, net assets of $626k. It reported 8 employees.