Ypsilanti Ladies Literary House Foundation

Analysis

Ypsilanti Ladies Literary House Foundation is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 May 2024, Ypsilanti Ladies Literary House Foundation reported income of $81k and spending of $73k, spending 90% of its income. Across the 4 years on record, from May 2021 to May 2024, income fell from $303k to $81k (-73%), an average of -36% a year. The sharpest change came in the year to May 2023, when income rose by 508%. Over the whole period it spent 47% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Ypsilanti Ladies Literary House Foundation sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within MI. Charities of a similar size with the same main cause include Jaks Youth Theatre Company ($81k), Central States Archeological Societies Inc ($81k) and Flabob Aviation Associates ($81k).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 4.5% of the total. At year end it held assets of $372k against liabilities of $0, net assets of $372k.