Nami Michigan

Analysis

Nami Michigan is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in May 1986, 40 years ago. 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, Nami Michigan reported income of $531k and spending of $393k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $434k to $531k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nami Michigan 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 71st percentile, and in the 71st percentile within MI. Charities of a similar size with the same main cause include Homers Athletic Club Incorporated ($531k), Greenfield Central School Foundation Inc ($531k) and Chinese Buddhist Association U S a ($531k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $78k (20% of expenses). Other salaries and wages came to $70k. At year end it held assets of $1.1m against liabilities of $48k, net assets of $1.1m. It reported 5 employees.