M Club of the University of Michigan

Analysis

M Club of the University of Michigan is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in April 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 June 2023, M Club of the University of Michigan reported income of $77k and spending of $95k, spending 124% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $115k to $77k (-33%), an average of -9.5% a year. The sharpest change came in the year to June 2022, when income rose by 97%. Over the whole period it spent 73% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, M Club of the University of Michigan sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include Union County Historical Society ($77k), Federation of Community Ministries of California ($77k) and Society of Women Engineers ($77k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $11k. At year end it held assets of $458k against liabilities of $0, net assets of $458k. It reported 1 employees.