Evangelical Homes of Michigan Foundation

Analysis

Evangelical Homes of Michigan Foundation is a registered charity in United States, based in Saline, MI. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 April 2023, Evangelical Homes of Michigan Foundation reported income of $506k and spending of $174k, leaving 66% of income unspent that year. Across the 5 years on record, from April 2019 to April 2023, income grew from $9,653 to $506k (+5147%), an average of +169% a year. The sharpest change came in the year to April 2020, when income rose by 2861%. Over the whole period it spent 66% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Evangelical Homes of Michigan Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within MI. Charities of a similar size with the same main cause include Acorn School Inc ($506k), Congressional Fire Services Institute Inc ($506k) and Turning Point of South Arkansas Inc ($506k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $88k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.