Michigan Festivals & Events Foundation

Analysis

Michigan Festivals & Events Foundation is a registered charity in United States, based in Corunna, MI. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 June 2024, Michigan Festivals & Events Foundation reported income of $227k and spending of $191k, spending 84% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $239k to $227k (-5.0%), an average of -1.3% a year. The sharpest change came in the year to June 2024, when income rose by 176%. Over the whole period it spent 138% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Michigan Festivals & Events Foundation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include Michigan Scholastic Clay Target Program ($227k), Playball Pony Baseball Inc ($227k) and Hamilton Southeastern Hockey Club ($227k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $55k (29% of expenses). Other salaries and wages came to $36k. At year end it held assets of $162k against liabilities of $148k, net assets of $14k. It reported 3 employees.