Mackinac Economic Alliance

Analysis

Mackinac Economic Alliance is a registered charity in United States, based in St Ignace, MI. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Mackinac Economic Alliance reported income of $109k and spending of $109k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $134k to $109k (-19%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mackinac Economic Alliance sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 39th percentile within MI. Charities of a similar size with the same main cause include Lancaster Medical Heritage Museum ($109k), Little League Baseball Inc ($109k) and Urbanna Oyster Festival Foundation ($109k).

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 $81k against liabilities of $0, net assets of $81k.