Michigan History Foundation Inc

Analysis

Michigan History Foundation Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in October 1989, 37 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 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, Michigan History Foundation Inc reported income of $254k and spending of $194k, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $459k to $254k (-45%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 96% 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 History Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include East Bay Center for Thepreservation Oof Cultural Arts ($254k), Grand Traverse Lighthouse Museum ($254k) and Society for Freshwater Science ($254k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 71% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $84k (43% of expenses). Other salaries and wages came to $5,976. At year end it held assets of $1.1m against liabilities of $10k, net assets of $1.1m. It reported 2 employees.