Michigan Charterboat Assn

Analysis

Michigan Charterboat Assn is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Michigan Charterboat Assn reported income of $108k and spending of $116k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $97k to $108k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2023, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Michigan Charterboat Assn sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within MI. Charities of a similar size with the same main cause include Jackson-Lincoln Swimming Complex Inc ($108k), Longview Soccer Club ($108k) and Greater Omaha Sports Committee Inc ($108k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $61k against liabilities of $0, net assets of $61k.