Hellenic Museum of Michigan

Analysis

Hellenic Museum of Michigan is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in May 2012, 14 years ago. Its declared purposes cover social science, which this site groups under arts, culture, heritage and science. 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, Hellenic Museum of Michigan reported income of $90k and spending of $134k, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $88k to $90k (+2.0%), an average of +0.5% a year. The sharpest change came in the year to December 2023, when income rose by 113%. Over the whole period it spent 129% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Hellenic Museum of Michigan sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 34th percentile within MI. Charities of a similar size with the same main cause include KD Entertainment ($90k), Sweet Adelines International ($90k) and New Chamber Ballet Inc ($90k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $606k against liabilities of $518k, net assets of $88k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.