International Association for Great Lakes Research-Michigan

Analysis

International Association for Great Lakes Research-Michigan is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in March 1987, 39 years ago. 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 September 2023, International Association for Great Lakes Research-Michigan reported income of $816k and spending of $780k, spending 95% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $741k to $816k (+10%), an average of +2.5% a year. The sharpest change came in the year to September 2023, when income rose by 93%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, International Association for Great Lakes Research-Michigan sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Southwestern Community College Education Foundation ($816k), Access Independence Inc ($816k) and Loud Light ($816k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 12% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $112k (14% of expenses). Other salaries and wages came to $161k. At year end it held assets of $569k against liabilities of $0, net assets of $569k. It reported 2 employees.