Rehabilitation Institute of Michigan Foundation

Analysis

Rehabilitation Institute of Michigan Foundation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 1953, 73 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Rehabilitation Institute of Michigan Foundation reported income of $648k and spending of $819k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $648k (-61%), an average of -21% a year. The sharpest change came in the year to December 2021, when income rose by 1794%. Over the whole period it spent 40% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Rehabilitation Institute of Michigan Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Project Pinkd Inc ($648k), Anchor Family Services Inc ($648k) and Arkansas Harm Reduction Project ($647k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% of the total. Compensation of current officers, directors and key employees was $145k (18% of expenses). Other salaries and wages came to $52k. At year end it held assets of $7.6m against liabilities of $157k, net assets of $7.5m.