Packard Group II

Analysis

Packard Group II is a registered charity in United States, based in Southfield, MI. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 September 2023, Packard Group II reported income of $361k and spending of $361k, spending 100% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $328k to $361k (+10%), an average of +2.4% a year. The sharpest change came in the year to September 2022, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Packard Group II sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Lake County Historical Society ($361k), Bozeman Swimming Club ($361k) and Topeka Lutheran School Foundation Inc ($361k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $242k. At year end it held assets of $84k against liabilities of $27k, net assets of $57k. It reported 7 employees.