Michigan Saves Inc

Analysis

Michigan Saves Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in October 2010, 16 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 Saves Inc reported income of $17.8m and spending of $7.4m, leaving 58% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.4m to $17.8m (+422%), an average of +51% a year. The sharpest change came in the year to December 2023, when income rose by 214%. Over the whole period it spent 56% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Michigan Saves Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MI. Charities of a similar size with the same main cause include Restore the Earth Foundation Inc ($17.7m), Greentown Collaborative Inc ($18.0m) and Scenic Hudson Land Trust Inc ($17.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 19% of the total. At year end it held assets of $30.5m against liabilities of $4.9m, net assets of $25.5m.