Elder Law of Michigan Inc

Analysis

Elder Law of Michigan Inc is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Elder Law of Michigan Inc reported income of $1.5m and spending of $1.3m, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.5m (-30%), an average of -8.7% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Elder Law of Michigan Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Bald Ridge Lodge Inc ($1.5m), Fayette Resale Incorporated ($1.5m) and Jessie Hopkins Hinchee Foundation ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 6.6% of the total. Compensation of current officers, directors and key employees was $99k (7.6% of expenses). Other salaries and wages came to $597k. At year end it held assets of $1.4m against liabilities of $343k, net assets of $1.1m. It reported 21 employees.