Michigan Accountancy Foundation

Analysis

Michigan Accountancy Foundation is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in January 1964, 62 years ago. 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 June 2024, Michigan Accountancy Foundation reported income of $87k and spending of $83k, spending 96% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $123k to $87k (-29%), an average of -8.3% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Michigan Accountancy Foundation 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 33rd percentile, and in the 33rd percentile within MI. Charities of a similar size with the same main cause include Hartford Athletic Boosters Corporation ($87k), The Pittsburgh-Muskoka Foundation ($87k) and Bakas Horses for Handicapped Inc ($87k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $513k against liabilities of $45k, net assets of $468k.