Lake Gogebic Senior Citzens Club

Analysis

Lake Gogebic Senior Citzens Club is a registered charity in United States, based in Bergland, MI. It received its IRS tax-exemption ruling in May 1973, 53 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Lake Gogebic Senior Citzens Club reported income of $371k and spending of $306k, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $243k to $371k (+53%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 26%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lake Gogebic Senior Citzens Club sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Muslim Womens Institute for Research and Development ($371k), Diamond Trail Youth Corporation ($371k) and Family Promise of Southern Chester County ($371k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $67k (22% of expenses). Other salaries and wages came to $183k. At year end it held assets of $663k against liabilities of $22k, net assets of $641k. It reported 22 employees.