Michigan Legacy Art Park

Analysis

Michigan Legacy Art Park is a registered charity in United States, based in Thompsonville, MI. It received its IRS tax-exemption ruling in November 1995, 31 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 Legacy Art Park reported income of $227k and spending of $225k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $93k to $227k (+144%), an average of +25% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 119% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michigan Legacy Art Park sits at the 62nd percentile: it is larger than about 62% 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 Kankakee County Historical Society ($227k), Esperienza Italia ($227k) and Japan Education and Culture Center Inc ($227k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 24% of the total. Other salaries and wages came to $136k. At year end it held assets of $665k against liabilities of $862, net assets of $665k. It reported 4 employees.