Art Reach of Mid Michigan

Analysis

Art Reach of Mid Michigan is a registered charity in United States, based in Mt Pleasant, MI. It received its IRS tax-exemption ruling in March 1979, 47 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 December 2023, Art Reach of Mid Michigan reported income of $239k and spending of $301k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $223k to $239k (+7.1%), an average of +1.7% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Art Reach of Mid Michigan sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Little League Baseball Inc ($239k), Laguna Hills High School Athletic Boosters ($239k) and Washburn Law School Foundation School of Law ($239k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 35% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $58k (19% of expenses). Other salaries and wages came to $85k. At year end it held assets of $1.0m against liabilities of $125k, net assets of $911k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.