Kadima Nonprofit Housing Corporation

Analysis

Kadima Nonprofit Housing Corporation is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Kadima Nonprofit Housing Corporation reported income of $535k and spending of $809k, spending 151% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income grew from $359k to $535k (+49%), an average of +49% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 134% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Kadima Nonprofit Housing Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Fredericksburg Rescue Squad Incorporated ($535k), International Eosinophil Society Inc ($535k) and First Baptist Denton Ministry Center ($534k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 93% of the total. At year end it held assets of $5.7m against liabilities of $95k, net assets of $5.6m.