Lake Michigan Air Director Corsortium

Analysis

Lake Michigan Air Director Corsortium is a registered charity in United States, based in Hillside, IL. It received its IRS tax-exemption ruling in June 1991, 35 years ago. 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 September 2023, Lake Michigan Air Director Corsortium reported income of $2.0m and spending of $2.0m, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.7m to $2.0m (+21%), an average of +5.0% a year. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake Michigan Air Director Corsortium sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within IL. Charities of a similar size with the same main cause include Santa Monica RHF Housing Inc ($2.0m), National Hispanic Institute Inc ($2.0m) and Knoxville Academy of Medicine Foundation ($2.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $325k (16% of expenses). Other salaries and wages came to $698k. At year end it held assets of $442k against liabilities of $166k, net assets of $275k. It reported 12 employees.