McFarlan Kearsley Residence LLC

Analysis

McFarlan Kearsley Residence LLC is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in November 2023, 3 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, McFarlan Kearsley Residence LLC reported income of $1.6m and spending of $1.7m, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $1.6m to $1.6m (+0.8%), an average of +0.8% a year. Over the whole period it spent 107% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, McFarlan Kearsley Residence LLC sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include SV Home ($1.6m), Horizon Housing Development Company ($1.6m) and Coalition Homes Incorporated ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 46% of the total. Other salaries and wages came to $912k. At year end it held assets of $1.8m against liabilities of $206k, net assets of $1.6m.