Lake Charlevoix Mariners Inc

Analysis

Lake Charlevoix Mariners Inc is a registered charity in United States, based in Charlevoix, MI. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Lake Charlevoix Mariners Inc reported income of $163k and spending of $107k, leaving 34% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $147k to $163k (+11%), an average of +11% a year. Over the whole period it spent 71% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Lake Charlevoix Mariners Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Grain Valley Sports League ($163k), Wachusett Mountain Race Team Incorporated ($163k) and Presque Isle Community Recreation Association Inc ($162k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 54% of the total. Compensation of current officers, directors and key employees was $9,000 (8.4% of expenses). Other salaries and wages came to $39k. At year end it held assets of $267k against liabilities of $0, net assets of $267k. It reported 11 employees.