Muskegon Big Red Athletic Foundation Inc

Analysis

Muskegon Big Red Athletic Foundation Inc is a registered charity in United States, based in Muskegon, MI. It received its IRS tax-exemption ruling in December 1992, 34 years ago. 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 June 2023, Muskegon Big Red Athletic Foundation Inc reported income of $65k and spending of $101k, spending 154% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $214k to $65k (-69%), an average of -70% a year. The sharpest change came in the year to June 2023, when income dropped by 69%. Over the whole period it spent 115% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Muskegon Big Red Athletic Foundation Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 25th percentile within MI. Charities of a similar size with the same main cause include International Disciple Training ($65k), Lutheran Service Society Foundation ($65k) and The Kinsale Foundation ($65k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $36k against liabilities of $5,173, net assets of $31k.