Mymichigan Home Care

Analysis

Mymichigan Home Care is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in October 1942, 84 years ago. 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 June 2023, Mymichigan Home Care reported income of $11.0m and spending of $12.7m, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $23.9m to $11.0m (-54%), an average of -18% a year. The sharpest change came in the year to June 2023, when income dropped by 54%. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mymichigan Home Care sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include St Margarets ($11.0m), East Central Illinois Area Agency on Aging Inc ($11.0m) and Lulac National Educational Service Centers Inc ($10.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $282k (2.2% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 213 employees.