Eastpointe Gratiot Cruise Inc

Analysis

Eastpointe Gratiot Cruise Inc is a registered charity in United States, based in Eastpointe, MI. It received its IRS tax-exemption ruling in October 2003, 23 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, Eastpointe Gratiot Cruise Inc reported income of $56k and spending of $60k, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $52k to $56k (+7.0%), an average of +1.7% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Eastpointe Gratiot Cruise Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within MI. Charities of a similar size with the same main cause include Igor I Sikorsky Historical Archives ($56k), The E-Project ($56k) and Eastern Woodland Carvers Club ($56k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 63% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.