Elk Rapids Harbor Days Association

Analysis

Elk Rapids Harbor Days Association is a registered charity in United States, based in Elk Rapids, MI. It received its IRS tax-exemption ruling in August 2024, 2 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Elk Rapids Harbor Days Association reported income of $82k and spending of $80k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $97k to $82k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 87% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Elk Rapids Harbor Days Association sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include Givens Foundation for African Amer Literature ($82k), Bird Island Cultural Centre ($82k) and Fort Collins Childrens Theater Inc ($82k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $62k against liabilities of $0, net assets of $62k.