Michigan Hospitality Foundation

Analysis

Michigan Hospitality Foundation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in August 1991, 35 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Michigan Hospitality Foundation reported income of $2.4m and spending of $2.2m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $481k to $2.4m (+394%), an average of +49% a year. The sharpest change came in the year to December 2020, when income rose by 584%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Michigan Hospitality Foundation sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within MI. Charities of a similar size with the same main cause include Sycamore Creek Community Charter School ($2.4m), LA Salle Academy ($2.4m) and Cornerstone Christian Academy ($2.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Other salaries and wages came to $223k. At year end it held assets of $1.1m against liabilities of $291k, net assets of $819k.