Michilimackinac Historical Society

Analysis

Michilimackinac Historical Society is a registered charity in United States, based in Saint Ignace, MI. It received its IRS tax-exemption ruling in January 1974, 52 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 December 2023, Michilimackinac Historical Society reported income of $305k and spending of $180k, leaving 41% of income unspent that year. Across the 6 years on record, from September 2019 to December 2023, income fell from $1.3m to $305k (-77%), an average of -26% a year. The sharpest change came in the year to December 2020, when income rose by 908%. Over the whole period it spent 48% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michilimackinac Historical Society sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Psi Alpha Scholarship Foundation ($305k), PTA Colorado Congress ($305k) and American Legion Jersey Boys State ($305k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $15k (8.1% of expenses). Other salaries and wages came to $68k. It paid $7,963 in professional fundraising fees. At year end it held assets of $2.1m against liabilities of $1,928, net assets of $2.1m. It reported 7 employees.