Michigan Retailers Foundation

Analysis

Michigan Retailers Foundation is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in October 1968, 58 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Michigan Retailers Foundation reported income of $366k and spending of $100k, leaving 73% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $107k to $366k (+241%), an average of +36% a year. The sharpest change came in the year to June 2023, when income rose by 251%. Over the whole period it spent 55% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Michigan Retailers 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 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include 86th Street Bay Ridge District Management Association Inc ($366k), Gibson County Economic Developmentcorporation ($366k) and Philadelphia Area Jobs with Justice ($365k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% of the total. At year end it held assets of $2.0m against liabilities of $1,730, net assets of $2.0m.