Society of Mayflower Descendants in Michigan

Analysis

Society of Mayflower Descendants in Michigan is a registered charity in United States, based in Midland, MI. It received its IRS tax-exemption ruling in March 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 January 2024, Society of Mayflower Descendants in Michigan reported income of $57k and spending of $78k, spending 138% of what it took in. Across the 6 years on record, from January 2019 to January 2024, income fell from $61k to $57k (-7.2%), an average of -1.5% a year. The sharpest change came in the year to January 2023, when income rose by 157%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Society of Mayflower Descendants in Michigan sits at the 22nd percentile: it is larger than about 22% 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 Hardwick Historical Society ($57k), Serving Ministers of Christ ($57k) and International Festivals and Events Association Foundation ($57k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 44% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.