Mackinac Associates

Analysis

Mackinac Associates is a registered charity in United States, based in Mackinaw City, MI. It received its IRS tax-exemption ruling in April 1982, 44 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Mackinac Associates reported income of $580k and spending of $551k, spending 95% of its income. Across the 4 years on record, from September 2020 to September 2023, income grew from $477k to $580k (+22%), an average of +6.7% a year. The sharpest change came in the year to September 2023, when income rose by 29%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Mackinac Associates sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Private Industry Council of Lehigh Valley Inc ($580k), Soyland Access to Independent Living ($580k) and Connors Development Foundation Inc ($580k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $1.4m against liabilities of $54k, net assets of $1.3m.