Myasthenia Gravis Foundation of Michigan

Analysis

Myasthenia Gravis Foundation of Michigan is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Myasthenia Gravis Foundation of Michigan reported income of $90k and spending of $61k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $65k to $90k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Myasthenia Gravis Foundation of Michigan sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include Cherbonay at Marsalis Independent Living Inc ($90k), Wilderness Refuge Recovery Ministries ($90k) and Tennessee Foundation for Qualitypatient Healthcare ($90k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 32% of the total. At year end it held assets of $197k against liabilities of $3,052, net assets of $194k.