Ausable Valley Nor-East-R

Analysis

Ausable Valley Nor-East-R is a registered charity in United States, based in Mio, MI. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 August 2024, Ausable Valley Nor-East-R reported income of $76k and spending of $78k, spending 103% of its income. Across the 3 years on record, from August 2022 to August 2024, income grew from $55k to $76k (+40%), an average of +18% a year. The sharpest change came in the year to August 2023, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ausable Valley Nor-East-R sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 29th percentile within MI. Charities of a similar size with the same main cause include Chinese School of Rochester Inc ($76k), Gem and Mineral Society of the Palm Beaches Inc ($76k) and Victory Hall Opera ($76k).

On its Form 990-EZ for the period ending August 2024, revenue came from contributions and grants 29% and program service revenue 60% of the total. At year end it held assets of $30k against liabilities of $0, net assets of $30k.