Excellent Inc

Analysis

Excellent Inc is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in March 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Excellent Inc reported income of $233k and spending of $298k, spending 128% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $817k to $233k (-71%), an average of -27% a year. The sharpest change came in the year to September 2023, when income dropped by 55%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Excellent Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Prevent Childhood Cancer Foundation ($233k), Footprints in Time ($233k) and Meredith a Cowden Foundation Inc ($233k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $44k (15% of expenses). Other salaries and wages came to $150k. At year end it held assets of $39k against liabilities of $65k, net assets of -$26k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.