Old & Young Newsboys Goodfellow Association of Mount Clemens

Analysis

Old & Young Newsboys Goodfellow Association of Mount Clemens is a registered charity in United States, based in Mount Clemens, MI. It received its IRS tax-exemption ruling in March 1949, 77 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 December 2023, Old & Young Newsboys Goodfellow Association of Mount Clemens reported income of $56k and spending of $58k, spending 104% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $60k to $56k (-6.6%), an average of -6.6% a year. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Old & Young Newsboys Goodfellow Association of Mount Clemens sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 21st percentile within MI. Charities of a similar size with the same main cause include Achievement Rewards for College Scientists Foun Inc Honolulu Chap ($56k), Friends of the Dunwoody Library Inc ($56k) and Moore County Choral Society Inc ($56k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $162k against liabilities of $0, net assets of $162k.