Mackinac Horsemens Associations

Analysis

Mackinac Horsemens Associations is a registered charity in United States, based in Mackinac Island, MI. It received its IRS tax-exemption ruling in January 2007, 19 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, Mackinac Horsemens Associations reported income of $178k and spending of $134k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $178k (+4.7%), an average of +1.2% a year. The sharpest change came in the year to December 2021, when income rose by 201%. Over the whole period it spent 75% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Mackinac Horsemens Associations sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within MI. Charities of a similar size with the same main cause include Emergency Food Box Inc ($178k), Mounds View Softball Association Inc ($178k) and Slo Water Polo Club ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Other salaries and wages came to $40k. At year end it held assets of $354k against liabilities of $18k, net assets of $336k. It reported 6 employees.