Michigan Senior Olympics Inc

Analysis

Michigan Senior Olympics Inc is a registered charity in United States, based in Clinton TWP, MI. It received its IRS tax-exemption ruling in January 1994, 32 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 December 2023, Michigan Senior Olympics Inc reported income of $203k and spending of $202k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $183k to $203k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 55%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michigan Senior Olympics Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 54th percentile within MI. Charities of a similar size with the same main cause include Utah National Guard Charitable TR ($203k), Hearts & Hands Preschool Inc ($203k) and Spina Bifida Association of North Texas ($203k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $79k (39% of expenses). Other salaries and wages came to $17k. At year end it held assets of $76k against liabilities of $6,871, net assets of $69k. It reported 2 employees.