The Comfort Home Mi

Analysis

The Comfort Home Mi is a registered charity in United States, based in Reed City, MI. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, The Comfort Home Mi reported income of $239k and spending of $247k, spending 103% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $134k to $239k (+78%), an average of +78% a year. The sharpest change came in the year to December 2023, when income rose by 78%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Comfort Home Mi sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Carroll County Veterans Independence Project Inc ($239k), Chidamoyo Christian Hospital Inc ($239k) and Seeds of Hope Homes Inc ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $41k (17% of expenses). Other salaries and wages came to $130k. At year end it held assets of $309k against liabilities of $103k, net assets of $207k. It reported 19 employees.