Michigan Chess Association

Analysis

Michigan Chess Association is a registered charity in United States, based in Flint, MI. It received its IRS tax-exemption ruling in June 1973, 53 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Michigan Chess Association reported income of $76k and spending of $89k, spending 117% of what it took in. Across the 2 years on record, from July 2022 to July 2023, income grew from $64k to $76k (+18%), an average of +18% a year. The sharpest change came in the year to July 2023, when income rose by 18%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michigan Chess Association sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include Circle City Rotary Foundation ($76k), Wabash Valley Arts Council ($76k) and Knox County Crush ($76k).

On its Form 990-EZ for the period ending July 2023, revenue came from contributions and grants 1.0% and program service revenue 81% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.