Commemorative Bucks of Michigan

Analysis

Commemorative Bucks of Michigan is a registered charity in United States, based in Grand Ledge, MI. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Commemorative Bucks of Michigan reported income of $131k and spending of $142k, spending 108% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $191k to $131k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Commemorative Bucks of Michigan sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within MI. Charities of a similar size with the same main cause include Quantum Meditation Society USA Inc ($131k), Perkins Mansion Inc ($131k) and Rhode Island Music Educators Association ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% of the total. At year end it held assets of $51k against liabilities of $0, net assets of $51k.