Micah Housing Inc
Micah Housing Inc: Transparent and Effective Use of Funds
EIN: 223182444 · Fairfield, CT · NTEE: L20 · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $284K |
| Total Expenses | $352K |
| Program Spending | 65% |
| Net Assets | $-545,209 |
| Transparency Score | 87/100 |
Is Micah Housing Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Micah Housing Inc directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Micah Housing Inc
Micah Housing Inc (EIN: 223182444) is a nonprofit organization based in Fairfield, CT, classified under NTEE code L20. The organization reported total revenue of $284K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Micah Housing Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Micah Housing Inc is a small nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $275K |
| Total Expenses | $352K |
| Surplus / Deficit | $-76,961 |
| Total Assets | $2.7M |
| Total Liabilities | $3.2M |
| Net Assets | $-545,209 |
| Operating Margin | -28.0% |
| Debt-to-Asset Ratio | 120.3% |
| Months of Reserves | 91.8 months |
Financial Health Grade: C
In 2023, Micah Housing Inc reported a deficit of $77K with expenses exceeding revenue, holds 91.8 months of operating reserves (strong position), has a debt-to-asset ratio of 120.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Micah Housing Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.8% | +1.6% | -5.3% |
| 2022 | +7.1% | -4.4% | -3.1% |
| 2021 | -0.9% | +4.7% | -0.6% |
| 2020 | +1.8% | -4.0% | -1.4% |
| 2019 | -0.2% | +2.0% | -0.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Micah Housing Inc with a Mission Score of 87 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, Micah Housing Inc allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 120.3%.
Executive Compensation Analysis
Executive compensation is aligned with industry standards, with no excessive bonuses or perks reported.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Micah Housing Inc's IRS 990 filings:
- No charitable expenses reported, indicating a focus on direct program support.
- Administrative costs are kept low, suggesting efficient operations.
- Fundraising expenses are a consistent 20%, indicating a stable and sustainable funding model.
Strengths
The following positive indicators were identified for Micah Housing Inc:
- Consistent and timely financial reporting, enhancing transparency and trust.
Frequently Asked Questions about Micah Housing Inc
Is Micah Housing Inc a legitimate charity?
Micah Housing Inc (EIN: 223182444) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 87/100. It has 13 years of IRS 990 filings on record. Total revenue: $284K. 3 red flags identified. 1 strength noted. Financial health grade: C.
How does Micah Housing Inc spend its money?
Micah Housing Inc directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Micah Housing Inc tax-deductible?
Micah Housing Inc is registered as a tax-exempt nonprofit (EIN: 223182444). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Micah Housing Inc's spending goes to programs?
Micah Housing Inc directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Micah Housing Inc compare to similar nonprofits?
With a transparency score of 87/100 (Excellent), Micah Housing Inc is above average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Micah Housing Inc located?
Micah Housing Inc is headquartered in Fairfield, Connecticut and files with the IRS under EIN 223182444. It is classified under NTEE code L20.
How many years of IRS 990 filings does Micah Housing Inc have?
Micah Housing Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $284K in total revenue.
What does Micah Housing Inc do?
Micah Housing Inc is a nonprofit organization in the Housing & Shelter sector, located in Fairfield, Connecticut. It is classified under NTEE code L20.
How much revenue does Micah Housing Inc have?
Micah Housing Inc reported total revenue of $283,661. Based on 13 IRS 990 filings on record.
What are Micah Housing Inc's total assets?
Micah Housing Inc holds total assets of $2,894,893 as reported in IRS 990 filings.
Where is Micah Housing Inc located?
Micah Housing Inc is based in Fairfield, Connecticut.
What is Micah Housing Inc's EIN?
Micah Housing Inc's Employer Identification Number (EIN) is 223182444. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Micah Housing Inc?
Micah Housing Inc is classified under NTEE code L20 (Housing & Shelter).
Is Micah Housing Inc a registered 501(c)(3)?
Yes, Micah Housing Inc is recognized as a tax-exempt organization by the IRS. EIN: 223182444.
Does Micah Housing Inc file IRS Form 990?
Yes, Micah Housing Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Micah Housing Inc's revenue in 2023?
In the 202309 filing period, Micah Housing Inc reported total revenue of $275,019, total expenses of $351,980, and net assets of $2,692,283.
Is Micah Housing Inc's revenue growing or declining?
Micah Housing Inc's revenue is growing. Revenue went from $255,138 (202209) to $275,019 (202309), a +7.8% change. Based on 13 filings on record.
What is Micah Housing Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Micah Housing Inc covers tax period 202309. It shows revenue of $275,019, expenses of $351,980, total assets of $2,692,283, and liabilities of $3,237,492.
How much does Micah Housing Inc spend on programs vs administration?
Based on IRS 990 analysis, Micah Housing Inc allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Micah Housing Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Micah Housing Inc appears trustworthy. Mission Score: 87/100 (Excellent). 3 red flags identified. 1 strength noted.
What are the red flags for Micah Housing Inc?
The following concerns were identified: No charitable expenses reported, indicating a focus on direct program support.. Administrative costs are kept low, suggesting efficient operations.. Fundraising expenses are a consistent 20%, indicating a stable and sustainable funding model.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Micah Housing Inc's strengths?
Positive indicators for Micah Housing Inc include: Consistent and timely financial reporting, enhancing transparency and trust.. These findings are derived from AI analysis of the organization's financial filings.
How does Micah Housing Inc compensate executives?
Executive compensation is aligned with industry standards, with no excessive bonuses or perks reported. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Micah Housing Inc?
• All expenses are detailed and categorized. Programs receive the highest allocation, with 65% of funds. Administrative costs are kept to 15%, and 20% goes to fundraising. No charitable expenses are reported. • Financial reports are consistently filed on time, providing clear and comprehensive data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How does Micah Housing Inc ensure the transparency of its financial operations?
Micah Housing Inc provides detailed and categorized financial reports, consistently filed on time, which include a breakdown of program, administrative, and fundraising expenses. This ensures that all financial activities are transparent and easily understandable.
What is the focus of Micah Housing Inc's financial allocation?
Micah Housing Inc prioritizes its programs, allocating 65% of its funds to them. This focus on direct program support ensures that the majority of resources are directed towards housing initiatives.
How does Micah Housing Inc manage its administrative costs?
Micah Housing Inc keeps its administrative costs at 15%, which is a reasonable percentage for a nonprofit organization. This suggests that the organization operates efficiently and effectively with its administrative functions.
Filing History
IRS 990 filing history for Micah Housing Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Micah Housing Inc's revenue has grown by 29%, moving from $213K to $275K. Total assets decreased by 15.1% over the same period, from $3.2M to $2.7M. Total functional expenses rose by 15.5%, from $305K to $352K. In its most recent filing year (2023), Micah Housing Inc reported a deficit of $77K, with expenses exceeding revenue. The organization holds $3.2M in liabilities against $2.7M in assets (debt-to-asset ratio: 120.3%), resulting in net assets of $-545,209.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $275K | $352K | $2.7M | $3.2M | — | — |
| 2022 | $255K | $346K | $2.8M | $3.3M | — | — |
| 2021 | $238K | $362K | $2.9M | $3.3M | — | View 990 |
| 2020 | $240K | $346K | $2.9M | $3.2M | — | — |
| 2019 | $236K | $360K | $3.0M | $3.1M | — | View 990 |
| 2018 | $236K | $353K | $3.0M | $3.0M | — | View 990 |
| 2017 | $241K | $354K | $3.0M | $2.9M | — | View 990 |
| 2016 | $221K | $344K | $3.1M | $2.9M | — | View 990 |
| 2015 | $235K | $337K | $3.1M | $2.8M | — | View 990 |
| 2014 | $247K | $336K | $3.1M | $2.7M | — | View 990 |
| 2013 | $227K | $350K | $3.1M | $2.6M | — | View 990 |
| 2012 | $229K | $312K | $3.1M | $2.5M | — | View 990 |
| 2011 | $213K | $305K | $3.2M | $2.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $275K, expenses of $352K, and assets of $2.7M (revenue +7.8% year-over-year).
- 2022: Revenue of $255K, expenses of $346K, and assets of $2.8M (revenue +7.1% year-over-year).
- 2021: Revenue of $238K, expenses of $362K, and assets of $2.9M (revenue -0.9% year-over-year).
- 2020: Revenue of $240K, expenses of $346K, and assets of $2.9M (revenue +1.8% year-over-year).
- 2019: Revenue of $236K, expenses of $360K, and assets of $3.0M (revenue -0.2% year-over-year).
- 2018: Revenue of $236K, expenses of $353K, and assets of $3.0M (revenue -1.8% year-over-year).
- 2017: Revenue of $241K, expenses of $354K, and assets of $3.0M (revenue +9.0% year-over-year).
- 2016: Revenue of $221K, expenses of $344K, and assets of $3.1M (revenue -5.9% year-over-year).
- 2015: Revenue of $235K, expenses of $337K, and assets of $3.1M (revenue -4.9% year-over-year).
- 2014: Revenue of $247K, expenses of $336K, and assets of $3.1M (revenue +8.9% year-over-year).
- 2013: Revenue of $227K, expenses of $350K, and assets of $3.1M (revenue -1.1% year-over-year).
- 2012: Revenue of $229K, expenses of $312K, and assets of $3.1M (revenue +7.6% year-over-year).
- 2011: Revenue of $213K, expenses of $305K, and assets of $3.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Micah Housing Inc:
Data Sources and Methodology
This transparency report for Micah Housing Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.