Micah 6-8 Initiative

Analysis

Micah 6-8 Initiative is a registered charity in United States, based in Rogers, AR. It received its IRS tax-exemption ruling in April 2020, 6 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, Micah 6-8 Initiative reported income of $408k and spending of $414k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $408k (+407%), an average of +407% a year. The sharpest change came in the year to December 2023, when income rose by 407%. Over the whole period it spent 105% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Micah 6-8 Initiative sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within AR. Charities of a similar size with the same main cause include Michiana Benevolent Society Inc ($408k), Family Community Housing Association Inc ($408k) and San Miguel Housing Development Fund Company Inc ($408k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $803. At year end it held assets of $589k against liabilities of $331k, net assets of $258k. It reported 4 employees.