Michigan Philharmonic

Analysis

Michigan Philharmonic is a registered charity in United States, based in Plymouth, MI. It received its IRS tax-exemption ruling in September 1950, 76 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, Michigan Philharmonic reported income of $470k and spending of $506k, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $470k to $470k (-0.0%), an average of +-0.0% a year. The sharpest change came in the year to June 2022, when income rose by 161%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michigan Philharmonic sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within MI. Charities of a similar size with the same main cause include Robert K Greenleaf Center Inc ($470k), Adult Literacy Plus of Southwest Arizona ($470k) and New Bridges for Haitian Success Inc ($470k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 55% and program service revenue 44% of the total. Compensation of current officers, directors and key employees was $42k (8.3% of expenses). Other salaries and wages came to $6,073. At year end it held assets of $398k against liabilities of $72k, net assets of $326k. It reported 1 employees.