Michigan Seed Potato Association

Analysis

Michigan Seed Potato Association is a registered charity in United States, based in Gaylord, MI. It received its IRS tax-exemption ruling in May 1998, 28 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Michigan Seed Potato Association reported income of $262k and spending of $288k, spending 110% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income fell from $276k to $262k (-5.3%), an average of -1.8% a year. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michigan Seed Potato Association sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within MI. Charities of a similar size with the same main cause include Lions Gate Ministries Inc ($262k), Free to Be Ministries ($262k) and Cape May Community Food Closet Inc ($262k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $59k (20% of expenses). Other salaries and wages came to $69k. At year end it held assets of $204k against liabilities of $13k, net assets of $191k. It reported 2 employees.

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.