Little Brothers Friends of the Elderly Upper Michigan Foundation

Analysis

Little Brothers Friends of the Elderly Upper Michigan Foundation is a registered charity in United States, based in Hancock, MI. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Little Brothers Friends of the Elderly Upper Michigan Foundation reported income of $442k and spending of $267k, leaving 40% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $217k to $442k (+104%), an average of +20% a year. The sharpest change came in the year to September 2023, when income rose by 84%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Brothers Friends of the Elderly Upper Michigan Foundation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within MI. Charities of a similar size with the same main cause include Homeless Angels Inc ($442k), Bread of Life Ministries of Minnesota ($442k) and A Debt Coach Credit Counseling Service Inc ($442k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $52k (19% of expenses). At year end it held assets of $1.4m against liabilities of $27k, net assets of $1.4m.