Northwest Michigan Rural Housing Partnership

Analysis

Northwest Michigan Rural Housing Partnership is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in November 2019, 7 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, Northwest Michigan Rural Housing Partnership reported income of $662k and spending of $622k, spending 94% of its income. Across the 3 years on record, from December 2020 to December 2023, income fell from $824k to $662k (-20%), an average of -10% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Northwest Michigan Rural Housing Partnership sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Preservation Communities Inc ($662k), Nba Disciples Housing of Greater Kansas City Missouri Inc ($662k) and Nevada Housing Coalition ($662k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $72k (12% of expenses). Other salaries and wages came to $184k. At year end it held assets of $646k against liabilities of $197k, net assets of $449k. It reported 5 employees.