Mid Michigan College Foundation

Analysis

Mid Michigan College Foundation is a registered charity in United States, based in Harrison, MI. It received its IRS tax-exemption ruling in January 1987, 39 years ago. 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, Mid Michigan College Foundation reported income of $439k and spending of $572k, spending 130% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $546k to $439k (-20%), an average of -5.3% a year. The sharpest change came in the year to June 2023, when income dropped by 39%. Over the whole period it spent 104% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mid Michigan College Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Delray Beach Historical Society Inc ($439k), Elma Marilla Wales Sports Inc ($439k) and Vallejo Senior Citizens Council ($439k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 57% of the total. At year end it held assets of $6.5m against liabilities of $775k, net assets of $5.7m.