Adkins Village Non Profit Housing Corporation

Analysis

Adkins Village Non Profit Housing Corporation is a registered charity in United States, based in Benton Harbor, 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Adkins Village Non Profit Housing Corporation reported income of $352k and spending of $391k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $256k to $352k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 31%. Over the whole period it spent 118% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Adkins Village Non Profit Housing Corporation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Legacy Impact Capital ($352k), Housing Services Incorporated ($352k) and Retiree Housing of Cedar Rapids Inc ($352k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $89k. At year end it held assets of $1.1m against liabilities of $41k, net assets of $1.0m.

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.