Porter Hills Presbyterian Village Inc

Analysis

Porter Hills Presbyterian Village Inc is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Porter Hills Presbyterian Village Inc reported income of $29.1m and spending of $35.4m, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $30.3m to $29.1m (-3.8%), an average of -1.0% a year. The sharpest change came in the year to June 2023, when income dropped by 35%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Porter Hills Presbyterian Village Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MI. Charities of a similar size with the same main cause include York County Community Action Corp ($29.1m), Roland Park Place Inc ($29.2m) and Billings Food Bank Inc ($29.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $292k (0.8% of expenses). Other salaries and wages came to $12.0m. At year end it held assets of $108.2m against liabilities of $108.2m, net assets of $87k. It reported 565 employees.