Vegmichigan

Analysis

Vegmichigan is a registered charity in United States, based in Farmingtn HLS, MI. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover human services, 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 June 2024, Vegmichigan reported income of $251k and spending of $282k, spending 113% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $423k to $251k (-41%), an average of -23% a year. The sharpest change came in the year to June 2024, when income rose by 75%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Vegmichigan 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 58th percentile, and in the 58th percentile within MI. Charities of a similar size with the same main cause include Power Atlanta Inc ($251k), Port City Makerspace ($251k) and Women in Action Reaching Out ($251k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $32k (11% of expenses). At year end it held assets of $338k against liabilities of $0, net assets of $338k. It reported 6 employees.