Independent Supportive Housing Oakland II Inc

Analysis

Independent Supportive Housing Oakland II Inc is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in April 2009, 17 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Independent Supportive Housing Oakland II Inc reported income of $93k and spending of $136k, spending 147% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $96k to $93k (-3.8%), an average of -1.0% a year. Over the whole period it spent 131% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Independent Supportive Housing Oakland II Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 35th percentile within MI. Charities of a similar size with the same main cause include South Holston Development Corporation ($92k), Farm in the Dell Rocky Mountain Front Inc ($93k) and Mt Zion Redevelopment Corp ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 37% of the total. At year end it held assets of $1.1m against liabilities of $1.5m, net assets of -$431k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.