Michigan Governors Residence Foundation

Analysis

Michigan Governors Residence Foundation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Governors Residence Foundation reported income of $75k and spending of $23k, leaving 70% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $208k to $75k (-64%), an average of -22% a year. The sharpest change came in the year to December 2022, when income dropped by 100%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Michigan Governors Residence Foundation 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 29th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include Hebrew Academy of Tidewater Foundation Inc ($75k), Higher Health Foundation Inc ($75k) and Hamilton Memorial Foundation NFP ($75k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $143k against liabilities of $0, net assets of $143k.