Traverse City Convention and Visitors Bureau Education Foundati

Analysis

Traverse City Convention and Visitors Bureau Education Foundati is a registered charity in United States, based in Traverse City, MI. It received its IRS tax-exemption ruling in July 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Traverse City Convention and Visitors Bureau Education Foundati reported income of $108k and spending of $627k, spending 582% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $102k to $108k (+5.5%), an average of +1.4% a year. The sharpest change came in the year to December 2020, when income dropped by 19%. Over the whole period it spent 456% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Traverse City Convention and Visitors Bureau Education Foundati sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 38th percentile within MI. Charities of a similar size with the same main cause include Longview Soccer Club ($108k), Athletic Booster Club of Malibu High School ($108k) and Michigan Charterboat Assn ($108k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $1.2m against liabilities of $3.0m, net assets of -$1.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.