Fisher House Michigan

Analysis

Fisher House Michigan is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 December 2023, Fisher House Michigan reported income of $1.7m and spending of $1.8m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $1.7m (-19%), an average of -5.2% a year. The sharpest change came in the year to December 2020, when income dropped by 53%. Over the whole period it spent 88% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Fisher House Michigan sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within MI. Charities of a similar size with the same main cause include California Federation of Womens Clubs ($1.7m), Mammoth Lakes Foundation ($1.7m) and Northeast Ohio Psychiatric Institute ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $120k (6.8% of expenses). Other salaries and wages came to $85k. At year end it held assets of $1.8m against liabilities of $28k, net assets of $1.8m. It reported 4 employees.