Hemophilia Foundation of Michigan

Analysis

Hemophilia Foundation of Michigan is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in August 1997, 29 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 December 2023, Hemophilia Foundation of Michigan reported income of $3.9m and spending of $4.3m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $3.9m (+9.0%), an average of +2.2% a year. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hemophilia Foundation of Michigan sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within MI. Charities of a similar size with the same main cause include Care Guide Partners Inc ($3.9m), Hitchcock Foundation ($3.9m) and Pittsburgh Action Against Rape ($3.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 1.5% of the total. Compensation of current officers, directors and key employees was $332k (7.8% of expenses). Other salaries and wages came to $926k. At year end it held assets of $2.9m against liabilities of $390k, net assets of $2.5m. It reported 21 employees.