Big Brothers Big Sisters of Southwest Michigan

Analysis

Big Brothers Big Sisters of Southwest Michigan is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in August 1964, 62 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 December 2023, Big Brothers Big Sisters of Southwest Michigan reported income of $1.7m and spending of $1.9m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.7m (+11%), an average of +2.7% a year. The sharpest change came in the year to December 2020, when income rose by 29%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Big Brothers Big Sisters of Southwest Michigan sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include Hillel the Foundation for Jewish Campus Life ($1.7m), Lutherdale Bible Camp Inc ($1.7m) and Center for Active Seniors Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $137k (7.1% of expenses). Other salaries and wages came to $960k. At year end it held assets of $2.8m against liabilities of $125k, net assets of $2.7m. It reported 29 employees.