Bergmann Center Incorporated

Analysis

Bergmann Center Incorporated is a registered charity in United States, based in Charlevoix, MI. It received its IRS tax-exemption ruling in June 1973, 53 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 September 2023, Bergmann Center Incorporated reported income of $1.3m and spending of $1.1m, spending 86% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.0m to $1.3m (+27%), an average of +6.1% a year. The sharpest change came in the year to September 2021, when income rose by 37%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bergmann Center Incorporated sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Spectrum Works Inc ($1.3m), Living Development Concepts Inc ($1.3m) and Circulo Real Property Holding Corporation ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Compensation of current officers, directors and key employees was $151k (14% of expenses). Other salaries and wages came to $466k. At year end it held assets of $1.3m against liabilities of $253k, net assets of $1.1m. It reported 55 employees.