Childrens Leukemia Foundation of Michigan

Analysis

Childrens Leukemia Foundation of Michigan is a registered charity in United States, based in Farmington, MI. It received its IRS tax-exemption ruling in August 1954, 72 years ago. Its declared purposes cover diseases, disorders and medical disciplines, 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 June 2023, Childrens Leukemia Foundation of Michigan reported income of $1.5m and spending of $1.4m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.5m (+15%), an average of +3.5% a year. The sharpest change came in the year to June 2021, when income rose by 137%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Childrens Leukemia Foundation of Michigan sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include S P E C T R U M ($1.5m), Davids Refuge Inc ($1.5m) and Tissue Bank Asbestos Research Charitable Trust ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $144k (10% of expenses). Other salaries and wages came to $587k. At year end it held assets of $4.1m against liabilities of $149k, net assets of $4.0m. It reported 15 employees.