Michigan Academy of Family Physicians Foundation

Analysis

Michigan Academy of Family Physicians Foundation is a registered charity in United States, based in Okemos, MI. It received its IRS tax-exemption ruling in February 1982, 44 years ago. The IRS classifies it as a organisation supporting a government-owned college or university under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michigan Academy of Family Physicians Foundation reported income of $175k and spending of $129k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $165k to $175k (+5.9%), an average of +1.5% a year. The sharpest change came in the year to December 2022, when income rose by 196%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michigan Academy of Family Physicians Foundation sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include The Conference of Southern Graduate Schools ($175k), Worldmaker Resilence Institute Inc ($175k) and Frenship Foundation for Leadership ($175k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.0% and program service revenue 87% of the total. At year end it held assets of $592k against liabilities of $58k, net assets of $534k.