First of the Great Lakes Bay Region

Analysis

First of the Great Lakes Bay Region is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 May 2023, First of the Great Lakes Bay Region reported income of $150k and spending of $114k, leaving 24% of income unspent that year. Across the 4 years on record, from May 2020 to May 2023, income grew from $118k to $150k (+27%), an average of +8.4% a year. The sharpest change came in the year to May 2023, when income rose by 87%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, First of the Great Lakes Bay Region sits at the 49th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within MI. Charities of a similar size with the same main cause include Durant Music Boosters Inc ($150k), Colusa County Scholarship Foundation Inc ($150k) and Eureka High School Football Boosters Inc ($150k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 97% and program service revenue 3.1% of the total. At year end it held assets of $142k against liabilities of $0, net assets of $142k.