Michigan State Chamber Foundation

Analysis

Michigan State Chamber Foundation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in April 1986, 40 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Michigan State Chamber Foundation reported income of $781k and spending of $753k, spending 96% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $402k to $781k (+94%), an average of +25% a year. The sharpest change came in the year to June 2022, when income rose by 115%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michigan State Chamber Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within MI. Charities of a similar size with the same main cause include Off Square Theatre Company ($781k), Cape Cod Modern House Trust Inc ($781k) and National Federation of Music Clubs ($780k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 5.3% of the total. Other salaries and wages came to $147k. At year end it held assets of $217k against liabilities of $97k, net assets of $120k.