826 Michigan

Analysis

826 Michigan is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in November 2005, 21 years ago. 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 June 2024, 826 Michigan reported income of $525k and spending of $744k, spending 142% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $546k to $525k (-3.8%), an average of -0.8% a year. The sharpest change came in the year to June 2020, when income rose by 54%. Over the whole period it spent 113% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, 826 Michigan sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Leadership Indianapolis ($525k), Talking Information Center Inc ($525k) and Association for Supervisor and Curriculum Development ($525k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $103k (14% of expenses). Other salaries and wages came to $363k. At year end it held assets of $230k against liabilities of $31k, net assets of $200k. It reported 13 employees.

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.