Michaels Community Services Corporation

Analysis

Michaels Community Services Corporation is a registered charity in United States, based in Camden, NJ. It received its IRS tax-exemption ruling in March 2012, 14 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 March 2023, Michaels Community Services Corporation reported income of $7.3m and spending of $6.9m, spending 95% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $6.5m to $7.3m (+12%), an average of +2.9% a year. The sharpest change came in the year to March 2022, when income rose by 32%. Over the whole period it spent 87% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Michaels Community Services Corporation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Mary E Bivins Foundation ($7.3m), Missouri Quality Care ($7.3m) and Breakthrough Corporation ($7.2m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 11% and program service revenue 74% of the total. Other salaries and wages came to $4.9m. At year end it held assets of $60.9m against liabilities of $26.2m, net assets of $34.7m. It reported 137 employees.