Michigan Parkinson Foundation

Analysis

Michigan Parkinson Foundation is a registered charity in United States, based in Bingham Farms, MI. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Michigan Parkinson Foundation reported income of $1.6m and spending of $1.3m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 65% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Michigan Parkinson Foundation 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 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include Maximum Quest Residential Care Facilities Inc ($1.6m), Bell Hill Recovery Center Inc ($1.6m) and Susannahs House Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% of the total. Other salaries and wages came to $506k. At year end it held assets of $4.6m against liabilities of $306k, net assets of $4.3m. It reported 8 employees.