Michigan Bulls Inc

Analysis

Michigan Bulls Inc is a registered charity in United States, based in Novi, MI. It received its IRS tax-exemption ruling in April 2008, 18 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Michigan Bulls Inc reported income of $451k and spending of $372k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $316k to $451k (+43%), an average of +9.4% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 81% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Michigan Bulls Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Berkshire Family YMCA Support Corporation ($451k), Sunbelt Baseball League Inc ($452k) and St Edmunds Boosters Club ($451k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $223k against liabilities of -$213k, net assets of $436k.