Tip of the Mitt Watershed Council

Analysis

Tip of the Mitt Watershed Council is a registered charity in United States, based in Petoskey, MI. It received its IRS tax-exemption ruling in May 1982, 44 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Tip of the Mitt Watershed Council reported income of $3.0m and spending of $1.4m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $3.0m (+110%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 75% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Tip of the Mitt Watershed Council sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include The Land Conservancy of New Jersey ($3.0m), Lands Sake Incorporated ($3.0m) and Platte River Whooping Crane Maintenance Trust Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $95k (6.7% of expenses). Other salaries and wages came to $746k. At year end it held assets of $5.9m against liabilities of $96k, net assets of $5.8m. It reported 23 employees.