Lions of Michigan Service Foundation Inc

Analysis

Lions of Michigan Service Foundation Inc is a registered charity in United States, based in Coldwater, MI. It received its IRS tax-exemption ruling in October 1984, 42 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Lions of Michigan Service Foundation Inc reported income of $575k and spending of $542k, spending 94% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $471k to $575k (+22%), an average of +6.9% a year. The sharpest change came in the year to June 2021, when income rose by 47%. Over the whole period it spent 76% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lions of Michigan Service Foundation Inc 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 72nd percentile, and in the 72nd percentile within MI. Charities of a similar size with the same main cause include A Ray of Hope Today ($575k), Friends of McCalla ($575k) and Cahec Capital Inc ($575k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% of the total. Other salaries and wages came to $127k. At year end it held assets of $2.8m against liabilities of $79k, net assets of $2.7m. It reported 2 employees.