Michigan Share Corporation

Analysis

Michigan Share Corporation is a registered charity in United States, based in St CLR Shores, MI. It received its IRS tax-exemption ruling in October 1979, 47 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Michigan Share Corporation reported income of $1.5m and spending of $1.3m, spending 83% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $762k to $1.5m (+99%), an average of +19% a year. The sharpest change came in the year to September 2023, when income rose by 61%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michigan Share Corporation sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Sun Valley Youth Center Inc ($1.5m), Nyack Center ($1.5m) and Misaskim Corp ($1.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $42k (3.4% of expenses). Other salaries and wages came to $842k. At year end it held assets of $286k against liabilities of $32k, net assets of $255k. It reported 22 employees.