Michigan Running Foundation Inc

Analysis

Michigan Running Foundation Inc is a registered charity in United States, based in Dewitt, MI. It received its IRS tax-exemption ruling in August 2024, 2 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 December 2023, Michigan Running Foundation Inc reported income of $430k and spending of $330k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $398k to $430k (+7.9%), an average of +1.9% a year. The sharpest change came in the year to December 2021, when income rose by 117%. Over the whole period it spent 82% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Michigan Running Foundation Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Bend Endurance Academy ($430k), Little Rock Juniors Volleyball Club ($430k) and Evanston HS Hockey ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.3% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $103k (31% of expenses). At year end it held assets of $721k against liabilities of $0, net assets of $721k.