Michigan Foster Care Closet

Analysis

Michigan Foster Care Closet is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in January 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Michigan Foster Care Closet reported income of $169k and spending of $143k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $155k to $169k (+9.1%), an average of +9.1% a year. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michigan Foster Care Closet sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Wybsl Inc ($169k), Agape House Asia Inc ($169k) and New Technology Made Simple Now Inc ($169k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $171k against liabilities of $0, net assets of $171k.