Michigan Pharmacy Foundation

Analysis

Michigan Pharmacy Foundation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Michigan Pharmacy Foundation reported income of $66k and spending of $155k, spending 236% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $93k to $66k (-30%), an average of -8.5% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 116% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Michigan Pharmacy Foundation sits at the 32nd percentile: it is larger than about 32% 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 Matt Garcia Foundation ($66k), Paul Robert Carey Foundation ($66k) and West Sacramento Foundation ($66k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 7.0% of the total. Compensation of current officers, directors and key employees was $85k (55% of expenses). At year end it held assets of $781k against liabilities of $13k, net assets of $768k. It reported 1 employees.