Michigan State Medical Society Foundation

Analysis

Michigan State Medical Society Foundation is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in September 1945, 81 years ago. 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 November 2023, Michigan State Medical Society Foundation reported income of $346k and spending of $408k, spending 118% of what it took in. Across the 5 years on record, from November 2019 to November 2023, income fell from $553k to $346k (-37%), an average of -11% a year. The sharpest change came in the year to November 2021, when income rose by 40%. Over the whole period it spent 126% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michigan State Medical Society Foundation sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within MI. Charities of a similar size with the same main cause include Beddow School Inc ($346k), Lake Forest Soccer Association Lake Forest ($346k) and Korean American Music Academy ($346k).

On its Form 990 for the period ending November 2023, revenue came from contributions and grants 25% and program service revenue 73% of the total. At year end it held assets of $1.2m against liabilities of $168k, net assets of $1.1m.

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.