Hale Area Assisted Living Corporation

Analysis

Hale Area Assisted Living Corporation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in June 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 December 2023, Hale Area Assisted Living Corporation reported income of $1.1m and spending of $989k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $1.1m (-16%), an average of -4.3% a year. The sharpest change came in the year to December 2023, when income dropped by 27%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Hale Area Assisted Living Corporation 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 Denton Affordable Housing Corporation ($1.1m), Pinnacle Residential ($1.1m) and Harbor Tower ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% and program service revenue 98% of the total. Other salaries and wages came to $455k. At year end it held assets of $3.1m against liabilities of $3.0m, net assets of $121k.