On My Own of Michigan

Analysis

On My Own of Michigan is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in November 1997, 29 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2024, On My Own of Michigan reported income of $1.3m and spending of $866k, leaving 31% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $533k to $1.3m (+136%), an average of +24% a year. The sharpest change came in the year to June 2024, when income rose by 123%. Over the whole period it spent 86% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, On My Own of Michigan sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within MI. Charities of a similar size with the same main cause include Dental Health Works of Cheshire County Inc ($1.3m), Vermont Coalition of Clinics for the Uninsured Inc ($1.3m) and Assistive Technology Library of Ala Ska ($1.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 53% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $129k (15% of expenses). Other salaries and wages came to $409k. At year end it held assets of $1.1m against liabilities of $400k, net assets of $706k. It reported 15 employees.