Michigan Statewide Independent Living Corporation

Analysis

Michigan Statewide Independent Living Corporation is a registered charity in United States, based in Middleville, MI. It received its IRS tax-exemption ruling in August 2001, 25 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 September 2022, Michigan Statewide Independent Living Corporation reported income of $311k and spending of $311k, spending 100% of its income. Across the 4 years on record, from September 2019 to September 2022, income fell from $352k to $311k (-12%), an average of -4.1% a year. The sharpest change came in the year to September 2020, when income dropped by 24%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Michigan Statewide Independent Living Corporation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 62nd percentile within MI. Charities of a similar size with the same main cause include Water Access Now ($311k), Grantmakers of Oregon and S W Washington ($311k) and Second Chance Society ($311k).

On its Form 990 for the period ending September 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $83k (27% of expenses). Other salaries and wages came to $71k. At year end it held assets of $88k against liabilities of $39k, net assets of $50k. 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.